Agency Relationships in Marketing: A Review of the Implications and Applications of Agency and Related Theories
Abstract
Agency and related theories have proven useful as theoretical frameworks for examining relationships between principals and their agents in many disciplines. However, though marketing involves a wide array of agency relationships, agency-based research has only recently begun to be reported in the marketing literature. The authors therefore attempt to clarify the marketing implications of agency theory by describing its major constructs, the two different types of models embedded within the theory, and some closely related theoretical structures. They also critically review past and potential agency-based research in marketing and suggest ways in which marketers might contribute to improving its validity and usefulness.
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From an agency theory perspective, franchisees have an incentive to conceal information about external environmental factors that explain their business success without attributing the latter to their effort.
“Finally, from an agency theory perspective, franchisees have an incentive to conceal information about external environmental factors that serve to explain their business success without attributing the latter to their effort (cf., Bergen, Dutta, and Walker 1992).”
From Control techniques and upward flow of information in franchising in distant markets: conceptualization and preliminary evidence (1998) · cites this paper as Bergen, Dutta, and Walker 1992
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Myles, G. D. (1993) · European Journal of Political Economy · doi:10.1016/0176-2680(93)90012-j · Cited by 875 · see citing works
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Consumer trust, value, and loyalty in relational exchanges
Sirdeshmukh, D., Singh, J., & Sabol, B. (2002) · Journal of Marketing · doi:10.1509/jmkg.66.1.15.18449 · Cited by 4,196 · see citing works
Pavlou, P. A., Liang, H., & Xue, Y. (2007) · MIS Quarterly · doi:10.2307/25148783 · Cited by 2,646 · see citing works
Investments in Consumer Relationships: A Cross-Country and Cross-Industry Exploration
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Pavlou, P. A. (2002) · The Journal of Strategic Information Systems · doi:10.1016/s0963-8687(02)00017-3 · Cited by 510 · see citing works
Griffith, D. A., & Myers, M. B. (2005) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8400131 · Cited by 259 · see citing works
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- Authors
- Bergen, M., Dutta, S., & Walker, O. C.
- Affiliations
- University of Chicago (US)
- University of Minnesota (US)
- ORCID
- Dutta, Shantanu
- Venue
- Journal of Marketing
- Publisher
- SAGE Publications
- Published
- 1992-07
- Volume
- 56
- Issue
- 3
- Pages
- 1-24
- ISSN
- 0022-2429 (ISSN-L)
- 1547-7185
- OpenAlex
- W2323771037
- Cited by
- 1,105
- References
- 1
- Citations by year
- 2026: 19 · 2025: 20 · 2024: 23 · 2023: 29 · 2022: 45 · 2021: 37 · 2020: 39 · 2019: 40 · 2018: 45 · 2017: 32 · 2016: 34 · 2015: 63 · 2014: 65 · 2013: 50 · 2012: 54
- FWCI
- 21.45
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Marketing (publishedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Customer Service Quality and Loyalty
- Social Sciences › Business, Management and Accounting › Marketing › Marketing and Advertising Strategies
- Social Sciences › Business, Management and Accounting › Management Information Systems › Accounting and Organizational Management
- Keywords
- agency theory, principal-agent relationship, marketing, principal-agent model
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