RT Article
T1 American political values and agency theory: A perspective
JF Journal of business ethics
VO 7
IS 11
SP 805
OP 820
A1 Kaen, Fred R.
A1 Kaufman, Allen
A1 Zacharias, Larry
A2 Kaufman, Allen
A2 Zacharias, Larry
LA English
YR 1988
UL https://ixtheo.de/Record/1785598961
AB This paper explores the historical American political values which have shaped modern financial theory and agency theory. Financial agency theory's intellectual roots are shown to be located in the liberal tradition which espouses the instrumental nature of property and property rights. The paper also argues that financial theorists should recognize that, historically, economic efficiency was not a value or end in itself but merely a means by which more fundamental social goals might be achieved.
K1 Financial Agency
K1 Social Goal
K1 Agency Theory
K1 Economic Efficiency
K1 Economic Growth
DO 10.1007/BF00383044