The DOI matches its Crossref record; 75 of the 75 references it cites were found in a registry or an index.
RETHINKING AGENCY THEORY: THE VIEW FROM LAW.
Abstract
We draw from legal theory to offer a fundamental rethinking of agency theory along three key dimensions: redefining the principal from shareholders to the corporation, redefining the status of the board from shareholders' agents to autonomous fiduciaries, and redefining the role of the board from monitors to mediating hierarchs. These dimensions contrast with classic agency theory, offering novel conceptions that can inform further theorization and empirical research in corporate governance.
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Citations
Cites
Theory of the firm: Managerial behavior, agency costs and ownership structure
Jensen, M. C., & Meckling, W. H. (1976) · Journal of Financial Economics · doi:10.1016/0304-405x(76)90026-x · Cited by 71,491
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Coase, R. H. (1937) · Economica · doi:10.1111/j.1468-0335.1937.tb00002.x · Cited by 23,972
Separation of Ownership and Control
Fama, E. F., & Jensen, M. C. (1983) · The Journal of Law and Economics · doi:10.1086/467037 · Cited by 19,058
Coase, R. H. (1960) · The Journal of Law and Economics · doi:10.1086/466560 · Cited by 18,255
Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
Jensen, M. C. (1986) · Cited by 17,275
Dilemmas in a general theory of planning
Rittel, H. W. J., & Webber, M. M. (1973) · Policy Sciences · doi:10.1007/bf01405730 · Cited by 16,338 · cited 1×
“…ongoing problems interlinked with other problems, in which competing objectives are involved and there are no clear or optimal solutions; Rittel & Webber, 1973) where debate and judgment are needed to balance competing interests, we believe that it would be premature to offer a…”
BackgroundA Survey of Corporate Governance
Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb04820.x · Cited by 16,243
A BEHAVIORAL MODEL OF RATIONAL CHOICE
Simon, H. A. (1955) · The Quarterly Journal of Economics · doi:10.2307/1884852 · Cited by 15,877
Agency Theory: An Assessment and Review
Eisenhardt, K. M. (1989) · The Academy of Management Review · doi:10.5465/amr.1989.4279003 · Cited by 13,338
Cited by
Corporate governance and environmental performance: is there really a link?
Walls, J. L., Berrone, P., & Phan, P. H. (2012) · Strategic Management Journal · doi:10.1002/smj.1952 · Cited by 1,160
State-owned Enterprises Around the WORLD as Hybrid Organizations
Bruton, G. D., Peng, M. W., Ahlstrom, D., Stan, C., & Xu, K. (2015) · Academy of Management Perspectives · doi:10.5465/amp.2013.0069 · Cited by 783
Looking Inside the Black Box: The Effect of Corporate Governance on Corporate Social Responsibility
Jain, T., & Jamali, D. (2016) · Corporate Governance: An International Review · doi:10.1111/corg.12154 · Cited by 530
Connecting the Dots: Bringing External Corporate Governance into the Corporate Governance Puzzle
Aguilera, R. V., Desender, K. A., Bednar, M. K., & Lee, J. H. (2015) · Academy of Management Annals · doi:10.1080/19416520.2015.1024503 · Cited by 502
Shareholder Activism: A Multidisciplinary Review
Goranova, M., & Ryan, L. V. (2014) · Journal of Management · doi:10.1177/0149206313515519 · Cited by 414
Metadata
- Authors
- LAN, L. L., & HERACLEOUS, L.
- Venue
- Academy of Management Review
- Publisher
- Academy of Management
- Published
- 2010-04-01
- Volume
- 35
- Issue
- 2
- Pages
- 294-314
- ISSN
- 0363-7425 (ISSN-L)
- OpenAlex
- W2067430228
- Cited by
- 330
- References
- 75
- FWCI
- 42.83
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.