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Management is a type of labor with a special role of coordinating the activities of inputs and carrying out the contracts agreed among inputs, all of which can be characterized as "decision making".[1] Managers usually face disciplinary forces by making themselves irreplaceable in a way that the company would lose without them. A manager has an incentive to invest the firm's resources in assets whose value is higher under him than under the best alternative manager, even when such investments are not value-maximizing.[2]
^Fama, Eugene (2008-08-24). "Agency Problems and the Theory of the Firm" (PDF). The Journal of Political Economy. 88 (2): 288–307. doi:10.1086/260866. S2CID 155684121. Retrieved 2015-10-30.
^Shleifer, Andrei (November 1989). "Management entrenchment: The case of manager-specific investments". Journal of Financial Economics. 25: 123–139. doi:10.1016/0304-405X(89)90099-8.
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as its management owns an increasingly large portion of the firm. On the other hand, the entrenchment hypothesis suggests that as management increases...
any management would forego management compensation, and managemententrenchment, just because some of these management privileges might be perceived...
2024". NPR. Retrieved May 14, 2024. Doran, Michael (2018). "Legislative Entrenchment and Federal Fiscal Policy". Law and Contemporary Problems. 81 (27). Duke...
representing an LBO. LBOs can have many different forms such as management buyout (MBO), management buy-in (MBI), secondary buyout and tertiary buyout, among...
and acquisitions, joint ventures, and management restructurings. The company's CEO and other senior management maintain responsibility for day-to-day...
preserved due to high resin pine or cypress and porous sandy soils. After an entrenchment was abandoned, many log or rail revetments were scavenged for other uses...
With further contemplation, he develops a critique of the painting's entrenchment of conditions: "the men, with their furrowed faces and their bodies clenched...
opposition to the desires and practices of the corporation's current management. The measures might include replacing top executives, downsizing operations...
Moreover, the process of river rejuvenation can also be the cause of river entrenchment, especially when the process has occurred due to tectonic uplift. River...
the least likely to be loyal; over time, strategic marriages and the entrenchment of the system made the tozama less likely to rebel. In the end, however...
entrenching; so began the Siege of Petersburg. "Long lines of parallel entrenchments curled south and east of Richmond as both armies dug in," say Thomas...
of the Nineteenth Century: The Legitimation of the Disputable and the Entrenchment of the Disreputable. University of South Africa. Dissertation: 443 pp...
relatively brief period of management of Hostess Brands, maker of Twinkie brand snack cakes and other products, Apollo Global Management and C. Dean Metropoulos...
investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can...
equipment facilitates maintenance of straight drainage trenches, but entrenchment results in increasing environmental and eventually profound economic...
History Military–industrial complex Arms industry Materiel Supply-chain management Base MOB FOB Outpost Science Power projection Loss-of-strength gradient...
Malay language as the national language, and the clause governing the entrenchment of such Articles. The Conference of Rulers has its origins in the 1897...
perpetuated in Napoleon III's Louvre expansion, which resulted in the entrenchment of administrative offices in the Louvre's North Wing, from 1871 mainly...
private equity firm (the management company), which provides shareholders an opportunity to gain exposure to the management fees and carried interest...
with six spade-irons positioned together, suggesting hard toil and entrenchment. The university was previously located on seven sites: five in Manchester...
crisis. Ultimately, Romanow's embrace of Third Way politics signaled an entrenchment of neoliberal economics in the province. David McGrane concluded that...
detrimental to shareholder interests because they perpetuate existing management. For instance, Microsoft originally made an unsolicited bid for Yahoo...
the attempt to design a de jure standard in fact produced even greater entrenchment of the existing de facto standard it was designed to replace. Library...
detachment of pioneers. In addition to undertaking road building and entrenchment work, such units were tasked with using their axes and shovels to clear...
from the Irish word rathin, a diminutive of rath —a circular mound or entrenchment. The word rhewyn is attested in Welsh from the 1400s onwards. Ditch Water...
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