agency theory

Shareholder-Value Maximization and Tacit Collusion

This report demonstrates that so long as the stock market has ideal foresight, some dividends are distributed, and incentives are paid more than once or are deferred, stock-related pay packages are powerful incentives for managers to aid tacit collusive deals in repeated oligopolies. The stock marketplace anticipates the losses from ...

Knowledge Management What Can Organizational Economics Contribute?

Knowledge management has emerged as one of the most influential organization practice. Surprisingly, however, organizational economics (i.e., transaction cost economics, agency theory, team theory and property rights theory) has played no role in the development of knowledge management. This paper argues that organizational economics insights can further the theory and practice ...