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Expanding the explanatory power of agency theory for the knowledge economy

Version 2 2024-06-18, 01:54
Version 1 2017-07-21, 10:33
journal contribution
posted on 2024-06-18, 01:54 authored by N Wickramasinghe
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). Copyright © 2006 Inderscience Enterprises Ltd.

History

Journal

International Journal of Management and Enterprise Development

Volume

3

Pagination

510-519

ISSN

1468-4330

eISSN

1741-8127

Language

eng

Publication classification

CN.1 Other journal article

Issue

5

Publisher

Inderscience

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