...Gokmen Durmus; Cemre Cankurt; Yasin Bayar Purpose This study examines trustee misconduct in Ottoman waqfs through the lens of agency theory and asks whether the theory offers a suitable framework for understanding governance problems in a pre-modern religious institutional context. Design...

... economics and agency theory. Findings These three financial theories build the same theory, namely, Fisher’s capital-income theory. This theory claims that future monetary flows (wealth) paid to shareholders discounted by a compound rate can explain markets, firms’ prices and even capitalism. Franco...

...Josh Bendickson; Jeff Muldoon; Eric W. Liguori; Phillip E. Davis Purpose By revisiting the agency theory literature, this paper aims to both incrementally advance historical viewpoints and reveal four prominent influences on agency theory: Weber and Simon, The Great Depression, Cooperation...

... which may result in distortion and concealment of real interests. Originality/value Despite the ubiquity of executive bonuses, no study has looked at the historical roots of the debate. Agency theory, which is presented as a rational and legitimate argument in favor of such bonuses, fails to address...