Please use this identifier to cite or link to this item: https://doi.org/10.1111/j.1467-6486.2011.01009.x
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dc.titleAgency theory, institutional sensitivity, and inductive reasoning: Towards a legal perspective
dc.contributor.authorHeracleous, L.
dc.contributor.authorLan, L.L.
dc.date.accessioned2013-10-10T01:54:10Z
dc.date.available2013-10-10T01:54:10Z
dc.date.issued2012
dc.identifier.citationHeracleous, L., Lan, L.L. (2012). Agency theory, institutional sensitivity, and inductive reasoning: Towards a legal perspective. Journal of Management Studies 49 (1) : 223-239. ScholarBank@NUS Repository. https://doi.org/10.1111/j.1467-6486.2011.01009.x
dc.identifier.issn00222380
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/44752
dc.description.abstractMaking agency theory institutionally sensitive is a reasonable suggestion, as far as normal science stands. However, we argue that such a move has already been taking place, that it cannot address important problems with agency theory, and that the time is ripe for a critical re-examination of this theory. We suggest that inductive studies can not only be more sensitive to institutional features than deductive studies, but they can also offer deeper understanding of governance practices in specific contexts, as well as the potential for analytical or moderatum generalizations. Drawing from legal theory, we offer an alternative conception of the principal, and of the role and status of the board of directors. We contend that this reformulated agency theory has a greater potential of being institutionally sensitive because it recognizes various stakeholders as team members, rather than just adding specific institutional features as variables to the dominant conception of agency theory. © 2011 The Authors. Journal of Management Studies © 2011 Blackwell Publishing Ltd and Society for the Advancement of Management Studies.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1111/j.1467-6486.2011.01009.x
dc.sourceScopus
dc.subjectAbduction
dc.subjectAgency theory
dc.subjectBoard of directors
dc.subjectInduction
dc.subjectLegal perspective
dc.typeArticle
dc.contributor.departmentSTRATEGY AND POLICY
dc.description.doi10.1111/j.1467-6486.2011.01009.x
dc.description.sourcetitleJournal of Management Studies
dc.description.volume49
dc.description.issue1
dc.description.page223-239
dc.identifier.isiut000298583300010
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