Agency conflict and Agency cost The connection which exist between the firm owners (shareholders) and the firm’s agents, usually the managers is described as agency relationship. In this relationship, principal delegate duties of running the firm businesses to the agents and to work in the best interest of the owners Jensen and Mecking (1976, p.308). Where is the source of this conflict originating? Agency conflict arises among the firm stakeholders (managers and shareholders) due to various…
It is clear at this point that early hominids actively hunted early in their emergence and hunting has altered the way in which social interactions developed. The hunting hypothesis became widely supported to explain the origin of bipedalism or to interpret early human adaptation to savannas and the early archaeological record. Apparent confirmation of the hunting hypothesis came with archaeological evidence demonstrating that predation had always been a part of human society. Though with that…
The top photograph depicts Hitler on the balcony in Dortmund, Germany, just prior World War II. Hitler is addressing his soldiers during this Nazi rally. The purpose of this photograph is to illustrate how one man was capable of coming to power. Composition techniques infused by the photographer heavily reinforced this purpose. In this photo the one technique used is significant background soldiers. The background does not solely complement the subject of Hitler; it tells the story and purpose.…
Laura Carpenter EH 422 1 December 2015 Clune, Michael. "“You can't see me”: rap, money, and the first person", American Literature and the Free Market, 1945–2000. Cambridge University Press. 2010. 127-195. Clune breaks apart the components of what has become known as American rap by arguing “that the two elements of the rap form are integrally related, in that the opposition between “I” and the generalized “you” provides the context in which the meaning of the money is established” (127).…
Breast cancer evaluation begins with symptoms and a general clinical history. This is followed by a triple assessment, which includes the following components: Clinical examination Imaging (usually mammography, ultrasonography, or both) Needle biopsy This approach naturally lends itself to a gradually increasing degree of invasiveness, so that a diagnosis can be obtained with the minimum degree of invasiveness and, consequently, the minimum amount of discomfort to the patient. Because the more…
white matter than average readers. White matter is responsible for transferring information around the brain, having less white matter could result in the regions not communicating with one another. Hemispherical asymmetry on going research shows that right-handed dyslexics pattern of asymmetry in the other direction, meaning the right side of the brain is bigger than the left side. Ongoing research says the size differences are affecting a person’s reading and spelling abilities. There is a lot…
1. What are the most interesting findings from alliance research as reported by Beamish and Lupton? Findings reported by Beamish and Lupton on Research Alliance: • Performance measures are not only profitability and stock market returns, as the stocks are sometimes not traded and objective is sometimes not short term profitability. Better are Surveys of JV managers regarding satisfaction on financial/operational performance, knowledge transfer and capability development. Objective measures may…
Opportunistic behaviour can be manifested by contract renegotiation. This causes unnecessary costs and disputes, and causes the private sector to have more power. Contract renegotiation can come from contract incompleteness and information asymmetry. Information asymmetry issues arise because different parties don’t have access to full information, especially concerning the future. The case study of the City Link Toll project in Melbourne as analysed by (Hodge, 2004), illustrates this point.…
therapeutics for Post-traumatic Stress Disorder (PTSD). Recent studies have shown that inhibition of translation might be beneficial for PTSD (Li et al., 2013; Yang et al., 2011; Cohen et al., 2006: Nader et al., 2000). (3) Novel insights into neuronal asymmetry, compartmentalization of signaling. It has been well established that neurons are highly polarized cells characterized by differential localization of proteins and mRNAs in different subcellular components. It is also shown that somatic…
Financial performance is multi face and is about how company is performing to generate revenue and growth (Njeri 2014). It is measured by the firm in monetary terms by several methods in accounting as return on asset, return on equity, return on sales, operation income, net asset value, earnings before interest and tax to assess the corporate performance. All these methods used by many companies in order to compare (Waddock and Graves 1997; Schniederjans 2013). Schniederjans (2013) added that…