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Download full textMartynov, Aleksey; Logachev, Sergey – Administrative Issues Journal: Connecting Education, Practice, and Research, 2016
In this paper, we study the agency relationship between the firm's owners and managers. We apply the theory of Cognitive Moral Development (CMD) to answer the question: What factors affect salience of the interests of the firm's owners to the managers? Using a sample of Russian managers, we found that higher levels of CMD weaken the relationship…
Descriptors: Moral Development, Corporations, Ownership, Administrators
