SUMMARY Moral Hazard in Equity Contracts: The Principal-Agent Problem The separation of ownership and control involves moral hazard‚ in that the managers (the agents) may act in their own interest rather than in the interest of the stockholder-owners (the principals) because the managers have less incentive to maximize profits than the stockholder-owners do. Tools to Help Solve the Principal-Agent Problem Production of Information: Monitoring Stockholders engage in a particular type of information
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“Moral Intelligence” Authors: Doug Lenick and Fed Kiel Critiqued by: October 10‚ 2007 Fall 2007 Class Honor Code: “I declare and affirm that the work submitted herein is my own work product from my own labor‚ efforts‚ and endeavors‚ and that I did not seek‚ receive‚ offer‚ or accept unauthorized aid or assistance or use of the work product of another‚ unless otherwise so stated fully and completely herein.” What does it take to be a great leader? Doug Lennick‚ author
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Moral Dilemma What people feel morally obligated to do depends on the situation. In general‚ I think everyone can agree that it is immoral to take someone’s life‚ but there are situations where people might think otherwise. There are also other less severe circumstances where people’s morals are put in question. In the end‚ it depends on one’s personal moral beliefs on how they would act when in certain instances. The first dilemma I chose was the fat man and the impending doom. Without a
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Culture and Moral Development Another criticism of Kohlberg’s view is that it is culturally based. A review of research on moral development in 27 countries concluded that moral reasoning is more culture-specific than Kohlberg envisioned and that Kohlberg’s scoring system does not recognize higher-level moral reasoning in certain cultural groups (Snarey‚ 1987). Examples of higher-level moral reasoning that would not be scored as such by Kohlberg’s system include values related to communal
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the destruction that follows when ambition goes beyond moral constraints. To fully understand the extent to which Macbeth is a morality play‚ it is essential to give consideration to the context of the time during which the playwright penned the drama. Theatre was a major social event that not only brought society together but also taught the audience‚ regardless of their social class‚ how to behave in order for society to maintain its moral order. Shakespeare used the beliefs and current events
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way. After that‚ what I should do is to encourage others to do the similar things. Moral compass should run through the whole process. An individual’s effort is meager but we should not neglect it. Just as the recycle‚ if I do well in recycling every time I want to throw my rubbish and tell others the importance of recycle‚ more and more people will be impacted if I carry on doing this. Key Take-away Moral compass is the principle and norm that leads us to proper and right behavior. Doing
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Kohlberg’s Moral Development Psych/500 October 14‚ 2012 Is it morally acceptable to steal food from the wealthy to feed the poor? This was the type of question Lawrence Kohlberg‚ an American-born Harvard Professor‚ would ask of his research subjects. Dr. Kohlberg was fascinated by the cognitive development work proposed by Swiss theorist Jean Piaget (Long‚ n.d.). “Kohlberg’s work aids both our understanding of the ways in which individuals make moral decisions‚ and demands that we use a
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MORAL PHILOSOPHY What is moral philosophy ? Moral philosophy is the branch of philosophy that is concerned with ethics. Ethics can be defined as the study of right and wrong in human endeavours‚ it helps one to answer such questions as what is the proper course of action in a given situation‚ what one should do ? It helps us identify the moral correctness of our conduct. From the very dawn of philosophy right up until this very day‚ ethics has been at the very core of the rational thinkers cognizance
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Describe and evaluate two theories of moral development. This essay will demonstrate the explanation and the evaluation of two different theories of moral development. Moral development is related to behavior‚ and psychologists mean by moral behavior is that the judgment of person. Jean Piaget is the most renowned psychologist for his work on moral development. However‚ his theory was limited and not developed as Lawrence Kohlberg’s theory‚ but Piaget made a favour for Kohlberg by provided
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(A) of the core moral responsibility This is done by P. Pula Li (Peter Pratley)proposed. Pula Li believes that "the same as the implementation of quality management‚ companies also accept the moral responsibility of the concrete. at the lowest level‚ the enterprise must take three responsibilities: (1) concern for consumers‚ such as the ability to meet the ease of use‚ product safety And other requirements; (2)concern for the environment; (3) interest on the minimum working conditions. "Platts these
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