 | Andrew Higson - 2003 - 246 pàgines
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...in the management of the affairs of such a company. (1776: 741) In the wake of the Industrial Revolution, there was a need to bring together large amounts... | |
 | Michael J Handel - 2003 - 560 pàgines
...stewards of a rich man. they are apt to consider atiention to small matiers as not for their muster's honour. and very easily give themselves a dispensation...profusion. therefore. must always prevail more or Iess. in the management of the affairs of such a company. Adam Smith. The Wealth of Nations. l776.... | |
 | Sir Adrian Cadbury - 2002 - 288 pàgines
...same anxious vigilance which the partners in private copartnery frequently watch over their own. . . . Negligence and profusion, therefore, must always prevail,...the management of the affairs of such a company.-'' The agency problem which Adam Smith identified has been and continues to be the subject of exhaustive... | |
 | Roman Tomasic, Stephen Bottomley, Rob McQueen - 2002 - 964 pàgines
...same anxious vigilance with which the partners in a copartncry frequently watch over their own. . . . Negligence and profusion, therefore, must always prevail,...or less, in the management of the affairs of such a company.16 Smith argued that the joint stock company form was only appropriate for certain types of... | |
 | Yehouda A. Shenhav - 1999 - 260 pàgines
...atremion to small matrers as nor for theit masret's honour, and vety easily give themselves a dispensanon from having it. Negligence and profusion, therefore,...always prevail, more or less, in the management of affaits of such a company. (Smith 1937: 700) In Smith's view, the ability of owners to limit the involvemem... | |
 | Christopher L. Culp, William A. Niskanen - 2003 - 352 pàgines
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...in the management of the affairs of such a company" (Smith 1976/1992, vol. 2, p. 741, Chapter vie). 37. See note 36, p. 313. 38. See note 36, p. 4. 39.... | |
 | George Frankfurter, Bob G. Wood, James Wansley - 2003 - 384 pàgines
...of a rich man, they are apt to consider attention to small matters as not for their master's honor, and very easily give themselves a dispensation from...affairs of such a company. It is upon this account that joint stock companies for foreign trade have seldom been able to maintain competition against private... | |
 | Richard L. Brandt - 2003 - 336 pàgines
...anxious vigilance with which the partners in a private copartnery frequently watch over their own . . . .Negligence and profusion, therefore, must always...in the management of the affairs of such a company? The widely proposed solution to this problem was to encourage executives to own more stock in their... | |
 | George Frankfurter, Bob G. Wood, James Wansley - 2003 - 384 pàgines
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters as not for their master's honor, and very easily give themselves a dispensation from having it. Negligence and profusion, therefore,... | |
 | Qin Xiao - 2004 - 232 pàgines
...anxious vigilance with which the partners in a private copartnery frequently watch over their own. . . . Negligence and profusion, therefore, must always prevail,...in the management of the affairs of such a company. (1776: 741) Agency theory consists of two branches: the theory of team production and principal agent... | |
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... being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own. 
