Work

Expanding the explanatory power of agency theory for the knowledge economy

Year: 2006

Type: article

Abstract: Researchers have questioned whether the new knowledge economy is fundamentally different from the social and economic contexts of the 19th and 20th centuries (Webster, 2002). Some argue that classic economic theories still apply with equal relevance; while others claim that we are in the midst of profound changes and thus, new perspectives are needed (Whittaker, 1995; Wigand et al., 1997). This paper examines how one such classic theory, agency theory (developed by Jensen and Meckling, 1973), can be expanded to explain emerging practices in today's knowledge economy and, in so doing, explicates some apparent paradoxes with respect to ERP systems and KM (knowledge management).

Source: International Journal of Management and Enterprise Development

DOI: 10.1504/ijmed.2006.009573

Author: Nilmini Wickramasinghe

Language: English

Topic: Accounting and Organizational Management

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1964808936

FWCI: 7.988

Cites: 20

Cited by: 15

Related to: 10