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Principals and Agents, or Principals and Stewards? Australian Arms Length Agencies' Perceptions of Arm's Length Government Instruments

Thiel, Sandra Van; Smullen, Amanda


After the large-scale creation of arm's length agencies by governments around the globe, these governments now face the dilemma of how to manage, steer or control these arm's length agencies. Different instruments have been developed, based on either of two theoretical models: principal-agent theory or stewardship theory. Both are based on economic models of man with a principal charging an agent or a steward with a task. Principal-agent theory is based on the principal distrusting the agent to...[Show more]

CollectionsANU Research Publications
Date published: 2021
Type: Journal article
Source: Public Performance & Management Review
DOI: 10.1080/15309576.2021.1881803
Access Rights: Open Access


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