Question: Contracting theory‚ which forms part of the second wave in the positive theory of accounting‚ focuses among other things on agency theory. What is agency theory? Elaborate the components of agency costs as described by Jensen & Meckling (1976). Answer: Agency theory is based upon the more general contracting theory that the most cost effective form of organizing economic activity is through a firm based structure. Jensen & Meckling describe agency theory is a contract under one
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Theories of migration • Neoclassical economics- o Cost-benefit calculation o Individual makes the decision o Migration stems from geographical differences in supply & demand for labor o More $‚ less labor. More labor‚ less $ (wages) • New economics of labor migration- o Motivations go beyond cost-benefit analysis i.e. circular migrations b/c: • Markets for goods & services may not exist. Info is scarce. Family o Migration decisions are by larger units of interrelated ppl. Ex: Mexicans diversify
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Theories of entrepreneurship and types of entrepreneur Prepared for class discussion by Prof. S.Suryanarayanan XIME CASE STUDY DISCUSSION • TITLE: LUCK OR PERSISTANCE • Dame luck smiles at hard working people. XIME Theories of entrepreneurship Person Max Weber Theory Theory of religious belief Gist Spirit of capitalism-profit motive Protestant ethic-favorable mental attitude of society Evereet E Hagen F Young Theory of social change Withdrawal of status and respect
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Contingency theory is a class of behavioral theory that claims that there is no best way to organize a corporation‚ to lead a company‚ or to make decisions. Instead‚ the optimal course of action is contingent (dependent) upon the internal and external situation. A contingent leader effectively applies their own style of leadership to the right situation. In contingency theory of leadership‚ the success of the leader is a function of various contingencies in the form of subordinate‚ task‚ and/or
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Deindividuation theory 8+16marks Deindividuation is a social psychological explanation of aggression. It refers to the loss of personal identity and responsibility that occurs as a result of being in a crowd of people.Le Bon suggests that individual are more likely to be involve in aggressive behaviour as a collective mindset is created when in a large anonymous crowd. Individuals feels less responsible and identifiable‚ so normal constraint to prevent aggressive behaviour may be lost. The share
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Post-colonialial theory as a recent field of study has lately become one of the most attractive academic disciplines - if it can be called a discipline - that incessantly triggers piles and piles of literature written by art of critics‚ social reformists‚ political scientists‚ literary critics and political economists. The continuous expansion of post-colonialism in its recent version made its own domains of interest and areas of functionality overlap with other fields of global academic studies
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Triandis’ Theory of Interpersonal Behaviour If there is one key element in the social psychology of behaviour that is still missing from Stern’s ABC model‚ it is the role of habit. Stern (2000) acknowledges this and proposes that an integrated model of environmentally significant behaviour would consist of four factors: 1) attitudes; 2) contextual factors; 3) personal capabilities; and 4) habits. The general thrust of Stern’s suggestion is very similar to an attempt made almost thirty years ago by
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The Evolution of Leadership Theory David A. Van Seters Stevenson‚ Kellogg‚ Ernst & Whinney‚ Vancouver‚ British Columbia and Evolution of Leadership Theory 29 Richard H.G. Field University of Alberta‚ Edmonton‚ Canada Leadership is one of the most complex and multifaceted phenomena to which organisational and psychological research has been applied. While the term "leader" was noted as early as the 1300s (The Oxford English Dictionary‚ 1933) and conceptualised even before biblical times
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Exchange (LMX) Theory How we change what others think‚ feel‚ believe and do Search Disciplines Quotes Techniques Guest articles Analysis Principles Books Explanations Help us Theories Links VOTE FOR US! Home Blog! Leader-Member Exchange (LMX) Theory Explanations > Theories > Leader-Member Exchange (LMX) Theory Description | So What? | See also | References Description Leader-Member Exchange Theory‚ also called LMX or Vertical Dyad Linkage Theory‚ describes how
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The Stakeholder Theory Charles Fontaine Antoine Haarman Stefan Schmid - December 2006 - Stakeholder Theory of the MNC Index 1. Introduction ........................................................................................3 2. Basic idea of the Stakeholder Theory and Definition ....................3 2.1. 2.2. 2.3. 2.4. 2.5. The stakeholder concept – popular and trendy..........................................................................4 Different definitions of Stakeholder
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