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Economic analysis of hiring forms dedicated to managerial positions in Poland

Author

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  • Jacek Lewkowicz

    (University of Warsaw)

Abstract

This paper deals with the economic analysis of hiring forms dedicated to managerial positions. Theoretical frames for corporate governance are based on agency theory. Crucial problems considered within agency theory are: information asymmetry, conflict of interests and supervision (monitoring) of management. Presented analysis covers also remuneration forms and manager’s participation in ownership. Theoretical underpinnings of this research supports the analysis of managers hiring methods available in Poland (managerial contracts and employment contracts) in order to point out the solution, which reduces agency costs to the greatest extent.

Suggested Citation

  • Jacek Lewkowicz, 2015. "Economic analysis of hiring forms dedicated to managerial positions in Poland," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 14(2), pages 221-232, June.
    • Handle: RePEc:cpn:umkeip:v:14:y:2015:i:2:p:221-232
    DOI: 10.12775/EiP.2015.013
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    References listed on IDEAS

    as
    1. Hans Landstrom, 1993. "Agency Theory and Its Application to Small Firms: Evidence from the Swedish Venture Capital Market," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 2(3), pages 203-218, Summer.
    2. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    agency theory; information asymmetry; conflict of interest; supervision; employment contract; law and economics;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law

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