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Innovative Enterprise Solves the Agency Problem

William Lazonick and Jang-Sup Shin

in Predatory Value Extraction: How the Looting of the Business Corporation Became the US Norm and How Sustainable Prosperity Can Be Restored

Published in print:
2019
Published Online:
January 2020
ISBN:
9780198846772
eISBN:
9780191881770
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198846772.003.0007
Subject:
Business and Management, Corporate Governance and Accountability

This chapter uses innovation theory to provide both a general theoretical critique and a selective empirical critique of the use of agency theory to rationalize the looting of the U.S. business ... More


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