The present study examined costs of two residential substance abuse treatment programs designed for urban American Indians and Alaska Natives (AI/ANs). Costs for one agency were well within national norms, while costs at the other program were less than expected from nationwide data. Economies of scale accounted for much of the difference between observed and expected costs. Culturally specific...

In this paper we use the lens provided by the resourceand competence-based perspective and agency theory to analyse benefits and costs arising from separation between ownership and control in hightech start-ups. We argue that when these firms obtain external financing, the associated separation between ownership and control generates agency costs. Whether these costs exceed the benefits of exte...

OBJECTIVE To determine direct and indirect costs associated with raccoon rabies incidents involving cattle herds in Hampshire County, WV, in 2008 and Guernsey County, Ohio, in 2010. DESIGN Ex post cost analysis. ANIMALS 1 cattle herd in Hampshire County, WV, in 2008 and 1 cattle herd in Guernsey County, Ohio, in 2010. PROCEDURES Data were collected for each incident through telephone and ...

Existing research on outsourcing uses several different theoretical perspectives to study outsourcing, including the resource based view, transaction costs analysis, contingency theory and agency theory. While studying a phenomenon from different viewpoints increases our understanding on the subject, we need a consistent theoretical framework to consolidate the ideas generated in the field, com...

We use an important legal event as a natural experiment to examine equity‐debt conflicts in the vicinity of financial distress. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors’ fiduciary duties in that state. This change limited incentives to take actions favoring equity over debt. We show that, as predicted, this increased the likelihood ...

We analyze how inequity aversion interacts with incentive provision in an otherwise standard moral hazard model with two risk averse agents. We find that behindness aversion (suffering only when being worse off) among agents unambiguously increases agency costs of providing incentives. This holds true if agents also suffer from being better off unless they account for effort costs in their comp...

This paper tests the effect of managerial (inside) and block-holders (outside) ownership in relation to agency theory in Malaysian business environment. This study tests the agency relationship in different culture and social contact and provides evidence whether agency theory in non-western organizations have equal impact in Asian organizations. Consistent with agency theory and the convergenc...