Fiduciary Rationality and Public Policy: The Theory of Agency and Some Consequences

Mitnick, Barry M.

doi:10.2139/ssrn.1020859

Cited by 99 publications

(75 citation statements)

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“…Patients' compliance has a great impact on the health of patients and on healthcare costs. Studies that examine the provider-patient relationship through a principal-agent perspective are driven by health economics principles developed by Mitnick and Ross's [70,77] relational and institutions-based incentives-driven approach. We add to the patient-provider relationship literature by testing the precursors of perceived uncertainty in healthcare, which is a precursor to patient motivation to comply with providers' orders.…”

Section: Discussionmentioning

confidence: 99%

Can Information Availability Increase Patient Compliance? Mitigating Uncertainty Perceptions in the Provider-Patient Relationship

Bozan

2017

Proceedings of the 50th Hawaii International Conference on System Sciences (2017)

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Section: Discussionmentioning

confidence: 99%

Can Information Availability Increase Patient Compliance? Mitigating Uncertainty Perceptions in the Provider-Patient Relationship

Bozan

2017

Proceedings of the 50th Hawaii International Conference on System Sciences (2017)

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“…Ross' paper outlined the issue of incentive and presented a model which may be used to induce the agent towards maximizing gains produced for the principal. A year later, Mitnick (1973) came up with a theory of agency which was much more general and could possibly be applied to more diverse social contexts. Mitnick's (1973) theory listed three agency problems, which have become the defining dimensions of agency theory, as that of the principal, agent, and policing mechanisms and incentives.…”

Section: Agency Theorymentioning

confidence: 99%

“…According to Mitnick (1973) the main issue behind the principal's problem is motivating his agents to perform so as to achieve the goals set by the principal. Tools used for motivation include financial incentives, sanctions, information supply, and preferences in support of principal's goals.…”

Section: Agency Theorymentioning

confidence: 99%

Student Unrest in Public Universities in Kenya: The Nexus between Principles of Governance and Student Leadership

Okeyo¹

2017

ESJ

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Student unrest has been a major problem in Kenya for the government, public universities, the community, society, and even students themselves for several decades. However, the student leaders, majority of who are undergraduates in their late teens to early twenties, lack governance and leadership skills and experience. This study focused on principles of governance and leadership among student leaders in public universities. The study was anchored on positivist research philosophy and adopted a cross sectional design. The target population was all the 35 public universities in Kenya and data was collected from 70 student chairpersons and their deputies. Data was mainly collected from primary source using structured questionnaire and analyzed using descriptive and regression analysis. The study established that student leaders exhibited both performance and accountability principles of governance albeit weakly. The study however found no significant relationship between and student leadership and governance principles of legitimacy and voice; direction; and fairness. This study thus concludes that when student leaders are articulating their fellow students' issues, the leaders are guided by responsiveness, effectiveness, efficiency, transparency, and information flow. The leaders however lack appreciation for rule of law; equity; consensus orientation and mediation; as well as long-term strategic vision for the student body. The study therefore recommends that public universities should immediately train all incumbent student leaders on leadership concepts and principles of governance. However as a long-term measure, universities should introduce curriculums on principles of governance and leadership concepts contextualized to undergraduate students' area of study.

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“…Agency theory , Mitnick 1973, Fama 1998 and others) might be applicable to solving energy using problems as well. The agency theory is relevant for the situations where one party (the principal) delegates authority -in terms of control and decision-making-to another party (the agent).…”

Section: Behavioral Financementioning

confidence: 99%

Talent Management in an Organization

Rubáková¹

2016

12th Annual International Bata Conference

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Fiduciary Rationality and Public Policy: The Theory of Agency and Some Consequences

Cited by 99 publications

References 0 publications

Can Information Availability Increase Patient Compliance? Mitigating Uncertainty Perceptions in the Provider-Patient Relationship

Can Information Availability Increase Patient Compliance? Mitigating Uncertainty Perceptions in the Provider-Patient Relationship

Student Unrest in Public Universities in Kenya: The Nexus between Principles of Governance and Student Leadership

Talent Management in an Organization

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