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" ... being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own. "
Encyclopaedia Britannica; Or A Dictionary of Arts, Sciences, and ... - หน้า 334
1823
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Comparative Corporate Governance: The State of the Art and Emerging Research

Klaus J. Hopt - 1998 - 1304 หน้า
...anxious vigilance with which the partners in a private copartnery frequently watch over their own. . . Negligence and profusion, therefore, must always prevail,...the management of the affairs of such a company." Smith, Adam An Inq uiry into the Nature and Causes of the Wealth of Nations Book 5 Ch. 1 .3. 1 .2....
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Who Owns the Environment?

Peter Jensen Hill, Roger E. Meiners - 1998 - 372 หน้า
...same anxious vigilance with which the partners in a copartnery frequently watch over their own. . . . Negligence and profusion, therefore, must always prevail,...in the management of the affairs of such a company" (Smith [1776] 1937, 700). 1 8. Where a robust theory argues that government bureaucrats desire to maximize...
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Anglo-American Securities Regulation: Cultural and Political Roots, 1690-1860

Stuart Banner - 2002 - 342 หน้า
...the partners in a private copartnery frequently watch over their own." Smith's conclusion was that "[n]egligence and profusion, therefore, must always...the management of the affairs of such a company," and thus that publicly traded corporations would never be able to compete successfully against partnerships....
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Corporate Governance and Control

Alex Dunlop - 1998 - 108 หน้า
...anxious vigilance with which the partners in a private copartnery frequently watch over their own.... Negligence and profusion, therefore, must always prevail, more or less, in the management of such a company. Louis Brandeis (1933) warned that it was a mistake to 'accept the evils attendant upon...
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The Theory of the Firm: Critical Perspectives on Business and ..., เล่มที่ 1

Nicolai J. Foss - 2000 - 488 หน้า
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...in the management of the affairs of such a company. Adam Smith, The Wealth of Nations, 1776, Cannan Edition (Modern Library, New York, 1937) p. 700 1....
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A Theory of the Firm

Michael C. Jensen - 2003 - 342 หน้า
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...in the management of the affairs of such a company. — Adam Smith, The Wealth of Nations 4.1 Introduction In this chapter we draw on progress in the theory...
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Unternehmenskontrolle und Kapitalmarkt: die Aktienrechtsreformen von 1965 ...

Gerrit Fey - 2000 - 102 หน้า
...anxious vigilance with which the partners in a private copartnery frequently watch over their own. [...] Negligence and profusion, therefore, must always prevail,...the management of the affairs of such a Company". 3.4. Alternative Kontrollmechanismen 3.4.1. Reduktion von Agency-Costs als Ziel Wegen dieses Potentials...
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The Rise of Fiduciary Capitalism: How Institutional Investors Can Make ...

James P. Hawley, Andrew T. Williams - 2000 - 268 หน้า
...in a private copartnery [partnership] frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters as not for their master's honor, and very easily give themselves a dispensation from having it. Negligence and profusion, therefore,...
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Three in One: Essays on Democratic Capitalism, 1976-2000

Michael Novak - 2001 - 378 หน้า
...which the partners in a private copartnery frequently watch their own. Like the stewards of a rich man, they are apt to consider attention to small matters as not for their master's honor, and very easily give themselves a dispensation from having it. Negligence and profusion, therefore,...
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Management of Mineral Resources: Creating Value in the Mining Business

Juan P. Camus - 2002 - 124 หน้า
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...in the management of the affairs of such a company. Agency theory postulates that because people pursue their own best interests, conflicts of interests...
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