0
What else can I help you with?
Game theory is important for the understanding of?
Oligopolies
Why were the colonies important in the theory of mercantilism?
The Colonies were important because they supply Great Britain raw resources and material.
What are the two theories of corporate social responsibility?
The two primary theories of corporate social responsibility (CSR) are the stakeholder theory and the shareholder theory. The stakeholder theory posits that companies have obligations to a wide range of stakeholders, including employees, customers, suppliers, and the community, emphasizing ethical considerations and social impact. In contrast, the shareholder theory, often associated with economist Milton Friedman, argues that a corporation's primary responsibility is to maximize shareholder value, suggesting that social initiatives should only be pursued if they align with profit-making objectives.
What are the benefits of raising taxes?
in theory to help pay for public services such as schools, roads, hospitals, fire fighting, law enforcement. in reality to make corrupt politicians richer
Who define semi public goods?
Semi-public goods are typically defined by economists and public policy experts. They are characterized by being partially non-excludable and partially non-rivalrous, meaning that while some individuals can be excluded from using them, their consumption by one individual does not significantly diminish availability for others. Examples include public parks or toll roads, where access can be controlled, but usage does not fully deplete the resource. The concept helps in understanding the balance between public and private goods in economic theory.
What issue does agency theory examine and is it more important in a public or private entity?
The agency theory examines the idea that when one group or individual hires another group or individual and gives them authority, numerous issues will arise between the two parties. This becomes more important in a public entity due to the conflicts between shareholders and the company management.
What are the problems of agency theory to the financial manager?
The problem of agency theory are pricniple and agent.
Why is agency theory important?
Agency theory is used to understand the relationships between agents and principals. The agent represents the principal in a particular business transaction and is expected to represent the best interests of the principal without regard for self-interest. ... This leads to the principal-agent problem.
What advantage agency theory?
Agency theory helps to align the interests of principals (shareholders) and agents (managers) by providing incentives for the agent to act in the best interest of the principal. Through mechanisms such as performance-based compensation and monitoring, agency theory aims to reduce agency conflicts and ensure that managers make decisions that maximize shareholder value. Additionally, agency theory provides a framework for understanding the relationships and responsibilities between principals and agents in a business setting.
State theory and public policy formulation?
Different theories of state are important in outlining the different processes of public policy and specially policy formulation. There are four major theories of state which shape policy formulation - i) Pluralistic theory of state ii) Marxist theory of state iii) Neo-liberal theory of state iv) Feminist theory of state
What is price theory?
In accordance with political costs theory, to avoid the shifting of business wealth towards the public and/or political sector, companies will voluntarily disclose information when this will lead to an improvement in the relationships with governments and the public sector by decreasing political costs (e.g. taxes) and obtaining certain advantages (subsidies, governmental actions in favour of the corporation, etc.).
What is political cost theory?
In accordance with political costs theory, to avoid the shifting of business wealth towards the public and/or political sector, companies will voluntarily disclose information when this will lead to an improvement in the relationships with governments and the public sector by decreasing political costs (e.g. taxes) and obtaining certain advantages (subsidies, governmental actions in favour of the corporation, etc.).
What is contained in the agency theory?
Agency theory is a theory explaining the relationship between principals, such as a shareholders, and agents, such as a company's executives. In this relationship the principal delegates or hires an agent to perform work. The theory attempts to deal with two specific problems: first, that the goals of the principal and agent are not in conflict (agency problem), and second, that the principal and agent reconcile different tolerances for risk.
How would you describe agency theory?
Agency theory pertains to the relationship between two parties; the first is the principal (or principals) and the second, the agent (or agents), who are engaged as employees or independent contractors.
What are the types of agency theory?
Two forms of agency theory have developed: positivist and principal-agent (Jensen, 1983). Positivist researchers have emphasized governance mechanisms primarily in large corporations.
The theory that argues that group competition results in a rough approximation of the public interest in public policy is?
Pluralist Theory
What is theory of public revenue?
public revenue is the government income
