Journal of Financial Economics 3 (1976) 305-360. Q North-Holland Publishing Company THEORY OF THE FIRM: MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP STRUCTURE Michael C. JENSEN and William H. MECKLING* University of Rochester, Rochester, NY 14627, U.S.A. Received January 1976, revised version received July 1976 This paper integrates elements from the theory of agency. the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm
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Three Dimensional (3D) modeling is the process of creating a mathematical representation of any three-dimensional surface, be it living or inanimate. This technology is becoming more widely available and has reached a place in its evolution where it is now cost effective for emergency management agencies to use. Emergency Managers need to begin to take advantage of these opportunities during the four phases of emergency management: mitigation, preparedness, response and recovery. 3D modeling can
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J O I N T C E N T E R AEI-BROOKINGS JOINT CENTER FOR REGULATORY STUDIES The Antitrust Economics of Two-sided Markets David S. Evans Related Publication 02-13 September 2002 David Evans is Senior Vice President, NERA Economic Consulting. The author is extremely grateful to Howard Chang, George Priest, Jean-Charles Rochet, Richard Schmalensee, and Jean Tirole for many helpful comments and suggestions and Irina Danilkina, Anne Layne-Farrar, Daniel Garcia Swartz, Bryan Martin-Keating, Nese Nasif
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particularly—is becoming more diverse than ever. “Diversity in the workplace is about learning from different groups enabling a Company to benefit from the diverse perspectives and achievements.” (Cornell University ILR School, 2009) I am a real estate agent and a few years ago when I first started working my profession as a realtor in Florida, I joined a big franchise to get acquainted with the market and to make a name in the business. As a big franchise, one of the duties of the realtor is to stay at
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whether a real estate seller's agent owes a fiduciary duty to a prospective purchaser when the seller's agent and the purchaser's real estate agent work for the same real estate broker. The district court held that there is no such fiduciary duty, and we agree.The material facts are undisputed. Plaintiff-appellant Robert Moser, an individual from California interested in purchasing investment realty in New Mexico, sued defendant-appellee Mary Bertram, a real estate sales agent employed by the Santa Fe
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Analys the business idea Electronic online shopping: Starting an online store has advantages over having a physical storefront: there's no rent to pay, and you can reach millions of customers from the comfort of your own home. To have a shot at success, however, it's a good idea to put as much thought into starting an online store as you would for any other business. You'll need a great product, a user-friendly website, and a solid marketing plan. Read on to learn how to get started. If you want
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Will The Advent of Online Intermediaries Diminish the Need for Travel Agents Totally in the Near Future? Erin Toh Temasek Polytechnic Abstract This paper will focus on the comparison between Retail Travel Agencies (TA) and Online Travel Agents/Intermediaries (OTA); and how the rise of technology has affected the business model and operations of traditional agents. Traditional TA in this paper refers loosely to those with a brick and mortar store, selling travel related services with human
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Stay True Travel Staying True to You™ Final Strategic Plan BUS475 Week 5 Professor Dhillon February 14, 2012 Stay True Travel Staying True to You™ Final Strategic Plan Introduction Being a successful business, or corporation, is composed of more than simply having the best logo, slogan, or advertising campaigns, but rather it is about how each individual aspect of an organization is constructed and built from the ground up. With money being tight, budgets shrinking, and uncertainty
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- To be the leaders in relocation service from Russia to Barcelona in a period of 2 years time. - To grow through word-of-mouth recommendations: highly satisfied clients telling other companies and families of their total satisfaction with the assistance they received. - Market Definition Both the world travel market and the relocation market are forecast to expand the percentage annually. One of the markets it has been increased since 2-3 years ago, and this one is the
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devision of CITS Guilin (a travel agent was founded in 1959). China Highlights is given the big service experiences from CITS Guilin in order to provide the highest quality for international visistors to travel though out China. Aside the support from CITS Guilin, China Highlights also joined in many travel agencies in both china and united state, such as The China Association of Travel (CAT), China National Tourism Association (CNTA), The American Society of Travel Agent (ASTS) and United States Tour
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