agency theory is to help devise techniques for describing the conflict inherent in the principal-agent relationship and controlling the situations so that the agent, acting from self-interest, does as little harm as possible to the principal's interest
Chat with our AI personalities
Agency theory describes the relationship between principals (such as shareholders) and agents (such as managers) in organizations. It focuses on potential conflicts of interest that may arise when agents make decisions on behalf of principals and suggests mechanisms to align the interests of the two parties. The theory aims to address issues of agency cost, control, and monitoring to ensure that agents act in the best interests of the principals.
he did not develop anything regarding the 'atomic theory' for he was against that theory.
It is the current working theory of the origin of the universe. It is the paradigm that Astronomy is based upon. But, new evidence is always being described. The theory itself might change as our knowledge grows.
Dalton's theory was based on the principal that the atoms of different elements that could be distinguished by differences in their weights. In 1803, at the Royal Institution He stated this theory.
Yes, the Raman effect is supported by the quantum theory of light. It occurs when light interacts with matter and leads to a shift in the energy levels of the molecules involved. Quantum theory explains this phenomenon by considering the interaction between photons and vibrational modes of the molecules.
John Dalton (he mentioned about this in his atomic theory).