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Record W4237827885 · doi:10.1002/9781118266298.ch7

Agency Theory

2010· other· en· W4237827885 on OpenAlexaff
Joseph Heath

Bibliographic record

Venuenot available
Typeother
Languageen
FieldSocial Sciences
TopicExperimental Behavioral Economics Studies
Canadian institutionsUniversity of Toronto
Fundersnot available
KeywordsAgency (philosophy)Principal–agent problemCorporationPerspective (graphical)ShareholderField (mathematics)Set (abstract data type)Game theoryClass (philosophy)EpistemologySociologyBusinessEconomicsCorporate governanceManagementMathematical economicsComputer scienceFinanceSocial scienceMathematicsPhilosophyArtificial intelligence

Abstract

fetched live from OpenAlex

Agency theory, or principal-agent theory, is a methodological approach that involves the application of game theory to the analysis of a particular class of social interactions. Agency theory is highly relevant to the field of finance, because the dominant approach to understanding the structure of the corporation involves analyzing it as a set of agency relations. It is important to be more specific about the circumstances in which moral obligations can arise out of agency relations. This chapter presents a discussion that surveys three potential problems with agency theory from the perspective of the business ethicist: (1) that it treats all motivation as self-interested; (2) that it presupposes shareholder primacy; and (3) that it encourages violation of the nemo dat principle. Controlled Vocabulary Terms agency theory; business ethics; Shareholders

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesInsufficient payload (model declined to judge)
Consensus categoriesInsufficient payload (model declined to judge)
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Other · Consensus signal: Other
Teacher disagreement score0.385
Threshold uncertainty score0.999

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0930.002

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.029
GPT teacher head0.348
Teacher spread0.318 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; both teacher heads agree on what is shown here.

Study designNot applicable
Domainnot available
GenreOther

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations11
Published2010
Admission routes1
Has abstractyes

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