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Title: Expanding the explanatory power of agency theory for the knowledge economy.
Epworth Authors: Wickramasinghe, Nilmini
Keywords: Agency Theory
Knowledge Worker
Knowledge Economy
Enterprise Integration Systems
Knowledge Management
Enterprise Resource Planning
Chair of Health Informatics Management, Epworth HealthCare, Victoria, Australia
Issue Date: 2006
Publisher: Inderscience
Citation: Int. J. of Management and Enterprise Development, 2006; 3(5): 510-520
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).
DOI: 10.1504/IJMED.2006.009573
ISSN: 1741-8127
Journal Title: International Journal of Management and Enterprise Development
Type: Journal Article
Affiliated Organisations: Stuart Graduate School of Business, Illinois Institute of Technology, 565 W Adams St, Suite 406, Chicago, IL 60661, USA
Appears in Collections:Health Informatics

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