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Australia is an express factor in determining unconscionability in contract formation and performance. Certainty is essential to … to in making the contract. Discretion, if it is too wide, may no longer represent the true intentions of the parties, but … franchise contract synergistically reinforce these conditions. This paper tests that theory by evaluating balance of power and …
Persistent link: https://www.econbiz.de/10009441788
The doctrine of promissory fraud holds that a contractual promise implicitly represents an intent to perform. A promisor’s conditional intent to perform poses a problem for that doctrine. It is clear that some undisclosed conditions on the promisor’s intent should result in liability for...
Persistent link: https://www.econbiz.de/10009466419
state statutes that allowed mix approaches to contractual arrangements. A relational contract is advantageous because it … regional politics and avoid future disputes, municipality and county governments can choose a more legally binding contract by … using non-relational contract such as interlocal agreements, contracts or leases. Utilizing the data compiled by the Florida …
Persistent link: https://www.econbiz.de/10009431810
reduction. In this paper, we invoke agency theory to determine compensation plans for sales and operations managers to … functions. Furthermore, a simple profit-sharing contract does not work, either, because of the free-rider problem. However, we … show that each of the following two contract schemes can always achieve coordination: (1) rewarding the operations manager …
Persistent link: https://www.econbiz.de/10009441005
Two complementary sources of information are studied in a multiperiod agency model. One is an accounting source which partially but credibly conveys the agent’s private information through accounting recognition. The other is an unverified communication by the agent (i.e., a self-report). In a...
Persistent link: https://www.econbiz.de/10009441137
Agency theory is one of the principal frameworks utilized in explaining the family business phenomena. The objectives of this dissertation are to (1) identify the unique agent-principal dynamics that differentiate family firms from non-family firms, (2) determine the effects of these unique...
Persistent link: https://www.econbiz.de/10009441576
We suggest in this paper one of the reasons that researchers concur agency costs in family firms are more complex than originally thought maybe related to the lack of conceptual clarity. This, we propose, is because when frameworks and theories are borrowed and enthusiastically embraced without...
Persistent link: https://www.econbiz.de/10009441647
We extend agency theory to propose that structural reform positively impacts firm profitability in developing countries because the improvements in external monitoring that accompany structural reform decrease the agency costs faced by firms. However, we also argue that not all firms benefit...
Persistent link: https://www.econbiz.de/10009477387
We conduct an experiment to examine how lending decisions are affected by lender perceptions of reporting and governance quality. We perform a set of experiments to determine whether lenders are sensitive to the quality of governance as measured by board composition along multiple dimensions,...
Persistent link: https://www.econbiz.de/10009459049
manager. Furthermore, we hypothesize that optimistic managers embody positive leadership—employing a strengths-based approach … productivity of their employees. In a cross-sectional study of 86 employees and 17 managers in an Information Technology (IT … subset of this data prospectively, with 39 employees and 14 managers, manager optimism predicted project performance. Our …
Persistent link: https://www.econbiz.de/10009438614