:: Volume 8, Issue 27 (spring 2015) ::
پژوهشنامه اخلاق 2015, 8(27): 27-48 Back to browse issues page
Ethics’ Perspective on Agency Theory
Seyyed Abbas Hashemi , Mojtaba Soleymani Marshk
Abstract:   (14618 Views)

The positive approach and its follower, the agency theory, have had a great impact upon the line of research in accounting field. Based on the agency theory, “company” includes a set of conventional relations and its aim is maximizing the shareholders’ wealth. Because of different purposes, self-interest, and opportunism,there is constant conflicts of interest between the brokers and agents; meanwhile, the theory of agency is seeking some strategies to minimize the costs of this conflict. In this paper, the principles of the theory of agency are explained and the criticisms directed to this theory are analyzed through ethics perspective. The paper adopts an analytico-descriptive structure and for collecting theoretical principles and materials, documentary and library methods were used. Because of limited and simplistic perspective as well as ignoring the ethical norms and social aspects, the agency theory has a limited capacity to describe and predict human behaviors.

Keywords: Agency Theory, Positive Approach, Ethics, Broker and Agent.
Full-Text [PDF 306 kb]   (1522 Downloads)    
Type of Study: Applicable | Subject: Normative ethics
Received: 2014/06/15 | Accepted: 2015/04/18 | Published: 2018/04/23


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Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 8, Issue 27 (spring 2015) Back to browse issues page