No Fact Check, Pharmaceutical Instituions from Reputed Pune University and Socially Situated and Socially Constituted Agency

Volume 1 - Issue 3

Rahul Hajare*

Received: June 12, 2018;   Published: June 19, 2018

DOI: 10.32474/OSMOAJ.2018.01.000115

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Abstract

The behavioral view of corporate governance has derived from the behavioral view of the firm, which arguably rests on more realistic assumptions than the economics rooted positive agency theory with regard to the heuristics of managerial action. In addition to the bounded rationality condition, the principle of satisfying and the assumption on routinisation in the decision-making process, the behavioral view treats organizations as complex social systems. They constitute venues of power battles among the coalitions of corporate actors realizing often conflicting goal agendas. It is therefore probably the most explicit about the existence of phenomena of power and politics in the corporate settings among all theories of the firm.

Keywords: PAT (Positive Agency Theory)

Abstract| Introduction| Conclusion| Controversies| Acknowledgment| References|