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| Tekijä: | Carlos, A. Nicholas, S. |
| Otsikko: | Managing the manager: an application of the principal agent model to the Hudson's Bay company |
| Lehti: | Oxford Economic Papers
1993 : APR, VOL. 45, p. 243-256 |
| Asiasana: | AGENCY THEORY MANAGERS MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | Controlling the ability of agents to operate in their own self-interest motivates much of the recent industrial organization literature. However, that literature is generally intractable to empirical testing. Yet the authors need to know whether firms can successfully attenuate managerial opportunism. The Hudson's Bay Company provides the context, and its records provide the data, for the analysis. The authors model its agency problem and using that model they simulate and calibrate the company's experience. |
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