Behavioural Agency Theory

Alexander Pepper
Additional contact information
Alexander Pepper: London School of Economics and Political Science

Chapter 3 in The Economic Psychology of Incentives, 2015, pp 26-58 from Palgrave Macmillan

Abstract: Abstract In Chapter 1 it was explained that agency theory has been the dominant theoretical framework for academic research on executive compensation since the mid-1970s. Agency theory is one of a number of theoretical approaches that have been taken by academics in trying to explain executive pay. The literature on senior executive reward is now very extensive, drawing on a variety of scholarly traditions, including economics, law, organisation studies, accounting and finance. In addition to the agency approach, theoretical frameworks include tournament theory, human capital theory, the managerial power hypothesis, institutional theory, political theories and theories about fairness.1 There have been a number of extended literature reviews and comprehensive summaries.2 Behavioural research is a relative new feature of this literature.

Keywords: Intrinsic Motivation; Agency Theory; Extrinsic Motivation; Executive Compensation; Work Motivation (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-40925-6_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137409256

DOI: 10.1057/9781137409256_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().