Interface between Context and Theory: The Application and Development of Agency Theory in the Chinese Context

Cong Chen, Daojuan Wang, Bin Zhang

Research output: Contribution to journalReview articleResearchpeer-review

Abstract

In this paper, we explores how to consider contextual factors in the development of paradigm theory by focusing on the application and development of agency theory in a cross context. Specifically, the interface between agency theory and context is established from two aspects. On one hand, the application and development of agency theory in both developed and emerging economies are examined from the perspectives of principal-agent conflicts (PAC) and principal-principal conflicts (PPC), respectively. On the other hand, a model of contextualization theory is created from the perspectives of PAC and PPC, which shows that the two forms of conflict co-exist in the Chinese context and that the primary or secondary status of either conflict is sensitive to the context.
Original languageEnglish
JournalInternational Review of Finance
ISSN1369-412X
Publication statusSubmitted - 2017

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Agency theory
Principal-principal conflicts
Paradigm
Contextual factors
Contextualization
Emerging economies

Keywords

  • Contextualizing Theory; Theorizing about Context; Agency Theory; Theory Development; Chinese Context

Cite this

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title = "Interface between Context and Theory: The Application and Development of Agency Theory in the Chinese Context",
abstract = "In this paper, we explores how to consider contextual factors in the development of paradigm theory by focusing on the application and development of agency theory in a cross context. Specifically, the interface between agency theory and context is established from two aspects. On one hand, the application and development of agency theory in both developed and emerging economies are examined from the perspectives of principal-agent conflicts (PAC) and principal-principal conflicts (PPC), respectively. On the other hand, a model of contextualization theory is created from the perspectives of PAC and PPC, which shows that the two forms of conflict co-exist in the Chinese context and that the primary or secondary status of either conflict is sensitive to the context.",
keywords = "Contextualizing Theory; Theorizing about Context; Agency Theory; Theory Development; Chinese Context",
author = "Cong Chen and Daojuan Wang and Bin Zhang",
year = "2017",
language = "English",
journal = "International Review of Finance",
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publisher = "Wiley-Blackwell",

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Interface between Context and Theory : The Application and Development of Agency Theory in the Chinese Context. / Chen, Cong; Wang, Daojuan; Zhang, Bin.

In: International Review of Finance, 2017.

Research output: Contribution to journalReview articleResearchpeer-review

TY - JOUR

T1 - Interface between Context and Theory

T2 - The Application and Development of Agency Theory in the Chinese Context

AU - Chen, Cong

AU - Wang, Daojuan

AU - Zhang, Bin

PY - 2017

Y1 - 2017

N2 - In this paper, we explores how to consider contextual factors in the development of paradigm theory by focusing on the application and development of agency theory in a cross context. Specifically, the interface between agency theory and context is established from two aspects. On one hand, the application and development of agency theory in both developed and emerging economies are examined from the perspectives of principal-agent conflicts (PAC) and principal-principal conflicts (PPC), respectively. On the other hand, a model of contextualization theory is created from the perspectives of PAC and PPC, which shows that the two forms of conflict co-exist in the Chinese context and that the primary or secondary status of either conflict is sensitive to the context.

AB - In this paper, we explores how to consider contextual factors in the development of paradigm theory by focusing on the application and development of agency theory in a cross context. Specifically, the interface between agency theory and context is established from two aspects. On one hand, the application and development of agency theory in both developed and emerging economies are examined from the perspectives of principal-agent conflicts (PAC) and principal-principal conflicts (PPC), respectively. On the other hand, a model of contextualization theory is created from the perspectives of PAC and PPC, which shows that the two forms of conflict co-exist in the Chinese context and that the primary or secondary status of either conflict is sensitive to the context.

KW - Contextualizing Theory; Theorizing about Context; Agency Theory; Theory Development; Chinese Context

M3 - Review article

JO - International Review of Finance

JF - International Review of Finance

SN - 1369-412X

ER -