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Agency theory was propounded by economist Michael C. Jensen and legal scholar William H. Meckling. The theory is based on the assumption that conflicts of interest exist between principals (such as shareholders) and agents (such as company executives) due to differing goals and information asymmetry.
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Who propounded individual differences theory?
The individual differences theory was propounded by Francis Galton, a British psychologist and statistician. He believed that differences observed among individuals in various traits and abilities were due to both hereditary and environmental factors.
Who propounded the theory of multiple intelligence?
The theory of multiple intelligence was propounded by Howard Gardner in 1983. Gardner proposed that intelligence is not a single, fixed trait, but rather a combination of different types of intelligences, such as linguistic, logical-mathematical, musical, and spatial intelligence, among others.
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.
What are the weaknesses of merton's strain theory?
Some weaknesses of Merton's strain theory include its focus on lower-class crime and its assumption that all individuals strive for the same cultural goals. It also overlooks the role of individual choice and agency in criminal behavior and fails to adequately explain why only some individuals under strain turn to crime.
Who invented agency theory?
Agency theory was first articulated by economists Michael C. Jensen and William H. Meckling in the 1970s. They proposed that conflicts of interest between principals (owners) and agents (managers) could potentially lead to agency problems within organizations.
Who propounded Saptanga theory?
kautiliya propounded saptang theory
Who propounded the cell theory?
darvin
Who propounded the Saptanga Theory?
kautilya
Who propounded the theory of zero?
aryabhatta
Who had propounded the 'wealth theory of demand for money'?
Milton Friedman propounded the Wealth Theory of Demand for Money. It is also known as Restatement of Quantity Theory of money.
Explain Theory of absolute cost advantage by propounded by Adam smith?
explain theory of absolute cost advantage as propounded by Adam smith
Who propounded the theory of gravitation?
Isaac newton
Who propounded theory of multiple intelligence?
thorndike
What is Entailment theory of causality?
It is the empirical theory of Causality as propounded by hume.
Who propounded the innovation theory of profits?
The Innovation Theory of Profit has been propounded by: F.H. Knights Keynes F.B. Hawley Kent Joesph Schumpeter.
Who propounded the classical theory of management?
Elton Mayo
Who propounded marginal productivity theory of distribution?
TAUSSIG
