Authors
Kathleen M Eisenhardt
Publication date
1989/1/1
Source
Academy of management review
Volume
14
Issue
1
Pages
57-74
Publisher
Academy of Management
Description
Agency theory is an important, yet controversial, theory. This paper reviews agency theory, its contributions to organization theory, and the extant empirical work and develops testable propositions. The conclusions are that agency theory (a) offers unique insight into information systems, outcome uncertainty, incentives, and risk and (b) is an empirically valid perspective, particularly when coupled with complementary perspectives. The principal recommendation is to incorporate an agency perspective in studies of the many problems having a cooperative structure.
Total citations
Scholar articles
KM Eisenhardt - Academy of management review, 1989