Principal Agent Relations and the Decline of the Royal African Company
Principal Agent Relations and the Decline of the Royal African Company
复制标题
委托代理关系与皇家非洲公司的衰落
DOI：
10.1108/s0198-871920150000029003
复制
发表时间：
2015
影响因子：
0.5
通讯作者：
Matthew Norton
中科院分区：
文献类型：
--
作者：
Matthew Norton
摘要
对于十八世纪初皇家非洲公司的失败，人们提出了几种解释。该论文认为，通过引入修改版的委托代理理论，可以将这些原因整合到对公司失败的更全面的解释中。本文没有关注抽象的二元关系，而是提出了一个模型，该模型解释了委托代理交互的有意义的特征，以及复杂的网络和这些网络中参与者的多重角色身份，这些网络构成了公司内的委托代理关系。根据这个模型，公司的失败可以被视为代理人和委托人双重角色之间矛盾的结果。低效交易行为的象征意义有助于解释为什么该公司无法采取替代策略或以其他方式从其垄断中受益。
Abstract
Several explanations for the Royal African Company’s failure around the turn of the eighteenth century have been suggested. The paper argues that these reasons can be integrated into a more comprehensive account of the company’s failure through the introduction of a modified version of principal-agent theory. Instead of focusing on abstract, dyadic relationships, the paper proposes a model that accounts for the meaningful character of principal agent interactions and for the complex networks and multiple role identities of actors within those networks that comprised principal-agent relations within the company. On the basis of this model the failure of the company can be seen as a result of contradictions between its dual role as both agent and principal. The symbolic importance of inefficient trading practices helps to explain why the company was unable to pursue alternative strategies or otherwise benefit from its monopoly.
皇家非洲公司
DOI：
--
发表时间：
2021
期刊：
Oxford Dictionary of National Biography
影响因子：
--
作者：
William A Pettigrew
通讯作者：
William A Pettigrew