现代的代理问题--股东和经理人投资于幸福的动机之间的冲突

IF 3.1 2区心理学 Q1 PSYCHOLOGY, MULTIDISCIPLINARY Journal of Happiness Studies Pub Date : 2024-09-27 DOI:10.1007/s10902-024-00810-2

Shay Tsaban, Tal Shavit

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摘要

近年来，人们越来越重视企业在幸福感方面的投资及其相关收益。在本文中，我们将讨论有关幸福投资的代理问题。当管理者投资幸福感的动机与股东的动机不同时，就会出现代理问题，从而导致利益冲突，影响企业的每一个关键决策。为了研究这个问题，我们提出了一个将财务激励与行为方面相结合的理论框架，并用它来分析经理和股东的决策过程。我们还详细阐述了他们投资幸福所产生的预期收益和效用。我们解释了内在利益冲突导致的价值差距的财务影响，并提供了在各种情况下缩小差距的适当解决方案。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The Agency Problem of the Modern Era – The Conflict Between Shareholders’ and Managers’ Motives to Invest in Happiness

In recent years, there has been increasing emphasis on firms’ investment in happiness and the associated benefits of doing so. In this paper, we discuss the agency problem regarding investments in happiness. The agency problem occurs when managers’ motivations for investing in happiness differ from shareholders’ motivations, leading to a conflict of interests that affects every key corporate decision. To investigate this problem, we propose a theoretical framework that integrates financial incentives with behavioral aspects, and use it to analyze the decision-making process of managers and shareholders. We also provide a detailed account of their anticipated benefits and utilities arising from investing in happiness. We explain the financial implications of the value gap that results from the inherent conflict of interests and provide appropriate solutions for reducing the gap in a variety of circumstances.

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来源期刊

Journal of Happiness Studies Multiple-

CiteScore

8.60

自引率

6.50%

发文量

110

期刊介绍： The international peer-reviewed Journal of Happiness Studies is devoted to theoretical and applied advancements in all areas of well-being research. It covers topics referring to both the hedonic and eudaimonic perspectives characterizing well-being studies. The former includes the investigation of cognitive dimensions such as satisfaction with life, and positive affect and emotions. The latter includes the study of constructs and processes related to optimal psychological functioning, such as meaning and purpose in life, character strengths, personal growth, resilience, optimism, hope, and self-determination. In addition to contributions on appraisal of life-as-a-whole, the journal accepts papers investigating these topics in relation to specific domains, such as family, education, physical and mental health, and work. The journal welcomes high-quality theoretical and empirical submissions in the fields of economics, psychology and sociology, as well as contributions from researchers in the domains of education, medicine, philosophy and other related fields. The Journal of Happiness Studies provides a forum for three main areas in happiness research: 1) theoretical conceptualizations of well-being, happiness and the good life; 2) empirical investigation of well-being and happiness in different populations, contexts and cultures; 3) methodological advancements and development of new assessment instruments. The journal addresses the conceptualization, operationalization and measurement of happiness and well-being dimensions, as well as the individual, socio-economic and cultural factors that may interact with them as determinants or outcomes. Central Questions include, but are not limited to: Conceptualization: What meanings are denoted by terms like happiness and well-being? How do these fit in with broader conceptions of the good life? Operationalization and Measurement: Which methods can be used to assess how people feel about life? How to operationalize a new construct or an understudied dimension in the well-being domain? What are the best measures for investigating specific well-being related constructs and dimensions? Prevalence and causality Do individuals belonging to different populations and cultures vary in their well-being ratings? How does individual well-being relate to social and economic phenomena (characteristics, circumstances, behavior, events, and policies)? What are the personal, social and economic determinants and causes of individual well-being dimensions? Evaluation: What are the consequences of well-being for individual development and socio-economic progress? Are individual happiness and well-being worthwhile goals for governments and policy makers? Does well-being represent a useful parameter to orient planning in physical and mental healthcare, and in public health? Interdisciplinary studies: How has the study of happiness developed within and across disciplines? Can we link philosophical thought and empirical research? What are the biological correlates of well-being dimensions?