Several important innovations in business economics were developed by faculty at the school, including advances to agency theory and positive accounting theory.
However signalling theory and agency theory extended the paradigm to greater realism.
The free agency theory receives mixed reactions.
Viewed in terms of agency theory, the problem is essentially one of the low visibility of management effort.
An agency theory of the bankruptcy law.
Advocates of agency theory argue that the positions of CEO and chairman should be separate.
If that's agency theory, what does the opposing side argue?
Traditional agency theory then suggests that the more risk-averse be given contracts which force them to bear less of the risk involved in the venture.
Nikkinen and Sahlström (2004) find empirical evidence that agency theory can be used, at least to some extent, to explain financial audit fees internationally.
Jurisdictions that hold to the agency theory admit only deaths caused by the agents of the crime.