VOL 20 NO 157 REGD NO DA 1589 | Dhaka‚ Thursday‚ March 28 2013 | http://www.fe-bd.com/index.php?ref=MjBfMDNfMjhfMTNfMV85Ml8xNjQ1NzA= | Bangladesh Bank mulls agent banking for financial inclusionM S Siddiqui Agent banking is a financial service offered to customers by a third party on behalf of a financial institution (FI). An agent is an entity that is engaged by an FI to provide specific financial services on its behalf using the agent’s premises. It is an additional delivery channel that
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Principal Agent Problem Running a business can be a tricky expenditure in today’s society. As we know a business can only be successful economically if they are bringing more money than they are putting out. Owners of businesses realize that positive economic profit is essential to the livelihood of their businesses. As with every business‚ employees are hired to do specific tasks that the owner assigns for them. However‚ with employees comes the responsibility of managing them. This is where a
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t American Economic Association Competition between Private and Public Schools‚ Vouchers‚ and Peer-Group Effects Author(s): Dennis Epple and Richard E. Romano Source: The American Economic Review‚ Vol. 88‚ No. 1 (Mar.‚ 1998)‚ pp. 33-62 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/116817 . Accessed: 01/02/2011 12:55 Your use of the JSTOR archive indicates your acceptance of JSTOR’s Terms and Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms
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AGENCY 1. DEFINITION OF AGENCY "Agency is the relationship that exists between two persons‚ when one‚ called the agent‚ is considered in law to represent the other‚ called the principal‚ in such a way as to be able to affect the principal ’s legal position in respect of strangers to the relationship by the making of contracts or the [sale or purchase] of property." So‚ an agent is someone who represents another‚ called the principal‚ in dealings with third persons. Agency is therefore an
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their sex which can include a individuals behaviors‚ attitudes‚ or roles in work (Godwin‚ PPT). Gender roles start appearing at an early childhood age. As a child we start learning how little boys and girls should act‚ this is called gender role socialization (Godwin‚ PPT). As children individuals learn the expectations held based on the sex of that individual. For example‚ my brother and I have a seven years age difference‚ when I was about 9 I dressed my brother in one of
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Principal-agent problem is a particular game-theoretic description of a situation. There is a player called a principal‚ and one or more other players called agents with utility functions that are in some sense different from the principal’s. The principal can act more effectively through the agents than directly‚ and must construct incentive schemes to get them to behave at least partly according to the principal’s interests. The principal-agent problem is that of designing the
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the shareholder-principal conflict with manager-agents known as the principal-agent problem. To mitigate agency problems between senior executives and shareholders‚ should the compensation committee of the board devote more to executive salary and bonus (cash compensation) or more to long-term incentives? Why? What role does each type of pay play in motivating managers? There are several dimensions to the principal-agent conflict. Principal-Agent Relationships exist whenever one person or party
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MANAGER IS A CHANGE AGENT The label “change agent” is often accompanied by misunderstanding‚ cynicism and stereotyping. Managers‚ employees and HR professionals alike have questioned the value of this role in their organization. However‚ as organizations of all kinds face unrelenting changes in their environment‚ the need for individuals who are capable of turning strategy into reality has created a new legitimacy for the change agent role – which is often located within the Human Resource function
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moral agent (individual contemplating ethical course of action) what obligation is owed to the claimant? Identify the perspective of each of the claimants by indicating what outcome they would prefer to this issue. CLAIMANT OBLIGATION PERSPECTIVE officer Nixon non injury prefer the moral agent to ingore the situation officer ross non injury pefer the moral agent to ignore the situation husband beneficence prefer the moral agent to throw
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Peer-to-Peer Networks In contrast to client-server networks there is no dedicated server in peer-to-peer architecture. Thus each computer in such a network is part server and part client. This means that each computer on the network is free to share its own resources. A computer which is connected to a printer may even share the printer so that all other computers may access it over the network. Peer-to-peer networks do not require the same levels of performance and security as dedicated server
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