IDEAS home Printed from https://ideas.repec.org/p/zbw/cauman/422.html
   My bibliography  Save this paper

Agency-Theorie und die Steuerung von Geschäftsführern: Paradebeispiel oder Problemfall?

Author

Listed:
  • Gedenk, Karen

Abstract

Die Steuerung von Geschäftsführern wird häufig als Paradebeispiel für die Anwendung der Agency-Theorie behandelt. Auf der Grundlage zweier empirischer Untersuchungen mit Geschäftsführern und Aufsichtsorganen wird in diesem Beitrag argumentiert, daß es sich eher um einen Problemfall handelt. Zunächst werden drei unrealistische Annahmen der Agency-Theorie herausgearbeitet. Diese betreffen die Motive von Geschäftsführern, die Meßbarkeit des Erfolgs von Geschäftsführern sowie die Wirkungsweisen finanzieller Anreize. Am Beispiel des Zusammenhangs von Überwachung der Geschäftsführung durch das Aufsichtsorgan und variabler Vergütung von Geschäftsführern wird gezeigt, daß sich bei einer Korrektur dieser Annahmen eine der Agency-Theorie widersprechende Hypothese ergibt. Während die Agency-Theorie von einer substitutiven Beziehung der beiden Steuerungsinstrumente ausgeht, werden hier Argumente für ihre Komplementarität aufgezeigt. Befunde der standardisierten empirischen Untersuchung unterstützen die Vermutung eines positiven Zusammenhangs.

Suggested Citation

  • Gedenk, Karen, 1996. "Agency-Theorie und die Steuerung von Geschäftsführern: Paradebeispiel oder Problemfall?," Manuskripte aus den Instituten für Betriebswirtschaftslehre der Universität Kiel 422, Christian-Albrechts-Universität zu Kiel, Institut für Betriebswirtschaftslehre.
  • Handle: RePEc:zbw:cauman:422
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/149049/1/manuskript_422.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lea,Stephen E. G. & Tarpy,Roger M. & Webley,Paul M., 1987. "The Individual in the Economy," Cambridge Books, Cambridge University Press, number 9780521317016, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wood, Michael, 1998. "Socio-economic status, delay of gratification, and impulse buying," Journal of Economic Psychology, Elsevier, vol. 19(3), pages 295-320, June.
    2. Sulhi Ridzuan, 2024. "Income redistribution and carbon emissions in Portugal," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 23(3), pages 421-437, September.
    3. Dariusz Kiełczewski, 2005. "Style konsumpcji jako przejaw zróżnicowania poziomu życia," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5-6, pages 85-100.
    4. Sacha Bourgeois-Gironde & Catherine Tallon-Baudry & Florent Meyniel, 2011. "Fast and Automatic Activation of an Abstract Representation of Money in the Human Ventral Visual Pathway," Post-Print ijn_00713469, HAL.
    5. Bruno S. Frey & Matthias Benz, 2004. "From Imperialism to Inspiration: A Survey of Economics and Psychology," Chapters, in: John B. Davis & Alain Marciano & Jochen Runde (ed.), The Elgar Companion To Economics and Philosophy, chapter 4, Edward Elgar Publishing.
    6. Iyer, Rajesh & Muncy, James A., 2009. "Purpose and object of anti-consumption," Journal of Business Research, Elsevier, vol. 62(2), pages 160-168, February.
    7. Marilyn E. Carroll, 1998. "Income Alters the Relative Reinforcing Effects of Drug and Nondrug Reinforcers," NBER Working Papers 6407, National Bureau of Economic Research, Inc.
    8. Giannakas, Konstantinos, 2009. "The Normative Efficiency Ranking of Output and Export Subsidies under Costly and Imperfect Enforcement," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 10(1).
    9. Bruno S. Frey & Reiner Eichenberger, 1989. "Should Social Scientists Care about Choice Anomalies?," Rationality and Society, , vol. 1(1), pages 101-122, July.
    10. Sabina Kołodziej, 2021. "Validation of the Polish version of the Motivational Postures (Toward Taxes) Questionnaire," PLOS ONE, Public Library of Science, vol. 16(6), pages 1-17, June.
    11. William Elliott & Hyunzee Jung & Terri Friedline, 2010. "Math Achievement and Children’s Savings: Implications for Child Development Accounts," Journal of Family and Economic Issues, Springer, vol. 31(2), pages 171-184, June.
    12. Bennett, Rhoda & Meister, Anton D. & Wilkinson, Roger, 1999. "Sustainable Soil Management In New Zealand: Farmer Beliefs, Attitudes And Motivations," Discussion Papers in Natural Resource and Environmental Economics 23695, Massey University, Centre for Applied Economics and Policy Studies.
    13. Debra Friedman & Michael Hechter & Satoshi Kanazawa, 1994. "A theory of the value of children," Demography, Springer;Population Association of America (PAA), vol. 31(3), pages 375-401, August.
    14. Hal Ersner-Hershfield & M. Tess Garton & Kacey Ballard & Gregory R. Samanez-Larkin & Brian Knutson, 2009. "Don't stop thinking about tomorrow: Individual differences in future self-continuity account for saving," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 4(4), pages 280-286, June.
    15. Kemp, Simon & Lea, Stephen E. G. & Fussell, Sharon, 1995. "Experiments on rating the utility of consumer goods: Evidence supporting microeconomic theory," Journal of Economic Psychology, Elsevier, vol. 16(4), pages 543-561, December.
    16. Zofia Barbara Liberda, 2007. "Income Preferences and Household Savings," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 9, pages 19-30.
    17. Malakhov, Sergey, 2018. "Limits to the «theorem of lemons»: demand for good cars under equilibrium price dispersion," MPRA Paper 88594, University Library of Munich, Germany.
    18. repec:cup:judgdm:v:4:y:2009:i:4:p:280-286 is not listed on IDEAS
    19. Leiser, David & Benita, Rinat & Bourgeois-Gironde, Sacha, 2016. "Differing conceptions of the causes of the economic crisis: Effects of culture, economic training, and personal impact," Journal of Economic Psychology, Elsevier, vol. 53(C), pages 154-163.
    20. Joanna Sokolowska & Tadeusz Tyszka, 1995. "Perception and Acceptance of Technological and Environmental Risks: Why Are Poor Countries Less Concerned?," Risk Analysis, John Wiley & Sons, vol. 15(6), pages 733-743, December.
    21. Astri Drange Hole, 2013. "How do economists differ from others in distributive situations?," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 38, pages 1-4.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:cauman:422. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/ibkiede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.