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Noreen, E. (1988): The Economics of Ethics: A New Perspective on Agency Theory. Accounting, Organisations and Society, 13(4): 359-369. The Economics of Ethics: A New Perspective on Agency Theory

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. La prospective territoriale 2008 Eisenhardt, K. M. (1989): Agency Theory: An Assessment and Review. Academy of

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Science . GOMEZ-MEJIA , L. R. , BALKIN , D. B. ( 1992 ), Determinants of faculty pay: An agency theory perspective . Academy of Management Journal , 35 ( 5 ): 921 – 955

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: European Commission . Sarens , G. – Abdolmohammadi , M. ( 2011 ): Monitoring Effects of the Internal Audit Function: Agency Theory versus Other Explanatory Variables . International

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The soft budget constraint

An introductory study to volume IV of the Life’s Work series

Acta Oeconomica
Author: János Kornai

2011 110 7 11 Eisenhardt, K.M. (1989): Agency Theory: An Assessment and Review. Academy of Management Review , 14

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agency theory perspective, it is crucial to maintain the pay-per-performance relationship. In the stakeholder theory perspective instead of the one objective – shareholder value maximization – we have a bundle of objectives reflecting the expectations of

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