As a small business owner, it's likely that you routinely employ other people to perform tasks and make decisions on your behalf. Delegating responsibility can take a lot of weight off your shoulders ...

Mihir Desai, a professor of Harvard Business School and the author of "Wisdom of Finance" explains why having shareholders who are separate from the managers hold great danger for finance today.

Michael Douglas, in his Academy Award winning portrayal of Gordon Gekko in the movie “Wall Street,” declares in his famous “greed” speech that the company has “33 different vice presidents” that are ...

Corruption and abuse of the public’s Employment Provident Fund (EPF) under the custody of the Central Bank of Sri Lanka (CBSL ...

A Gas-Tax Holiday Won’t Help Drivers — It Will Only Prolong the Supply Crunch Climate Change Apocalypticism Was a Fashion, Not a Cause Audio By Carbonatix In the lens of recent discussion on the 50th ...

This paper expands the literature on the heterogeneity among nursing home facilities by determining whether quality at for-profit nursing homes managed by owner-managers is different from those ...

A few months ago, I wrote that “one of the main problems in finance is the principal-agent problem, and one of the main forms that it takes is steak dinners.” You know the deal. You want something ...

THE problem is as old as mankind. The Roman author Juvenal encapsulated it into a phrase “Quis custodiet ipsos custodes” or “Who guards the guards themselves?” It was neatly illustrated in the classic ...

Neglected in today's debates about automation and the future of work is any consideration of principal-agent dynamics in the settings most open to technological interventions. Although a crude ...

In the lens of recent discussion on the 50th anniversary of Milton Friedman’s New York Times essay on shareholder primacy, which I’ve recently written on, I’ve been thinking about a strange decision ...