May we sign? The contractual relationship and its risks from the perspective of each involved
DOI:
https://doi.org/10.24883/eagleSustainable.v13i.404Keywords:
Labor relations, Comercial relations, Contract, Risk PerceptionAbstract
Purpose: To analyze what are the perceptions of risk associated with the labor and commercial contractual relationship between principals and agents in Ciudad Del Este -Paraguay.
Methodology/Approach: The conducting approach of the investigation is a multiple case study, based on semi-structured interviews, observation and document analysis.
Originality/Relevance: It is emphasized that the study of risk perception in labor and commercial relationships can contribute to fostering that these vary from one individual to another, possibly due to individual cognitive processing and individual background.
Main Conclusions: The results indicate that each individual has a different perception of risk when faced with the same situation. However, those involved believe that, in a way, the contract can be a guarantee to these different perceptions of risks in relationships.
Theoretical/methodological contributions: As a theoretical contribution, the importance of research covering the subjectivity of risks and their impact on the assessment of situations and future decisions, both personal and organizational, is highlighted. As a practical contribution, it can be said that risk management becomes valuable because it indicates to the market the possibilities of agency problems. Through its legitimation, the factors that influence future outcomes can be mapped and to some degree contained.
Downloads
References
Acar, F. P. (2016). The effects of top management team composition on SME export performance: an upper echelons perspective. Central European Journal of Operations Research, 24(4), 833-852. DOI: https://doi.org/10.1007/s10100-015-0408-5
Arrow, K. J. (1965). Aspects of the theory of risk-bearing. Helsinki: Yrjö Jahnsonian Sä ̈tiö.
Bardin, L. (1977). Análise de conteúdo. Lisboa: edições, 70, 225.
Bernstein, P. L. (1997). Desafio aos deuses: a fascinante história do risco. Gulf Professional Publishing.
Bonfim, L. R. C., Silva, G. R. R., Prado, P. H. M., & Abib, G. (2018). Exploring risk perception and degree of internationalization of Brazilian small-and-medium enterprises. BAR-Brazilian Administration Review, 15(1). DOI: https://doi.org/10.1590/1807-7692bar2018170058
Burrell, G., & Morgan, G. (2006). Sociological paradigms and organizational analysis. London: Aldershot, Gower.
Eduardsen, J., & Marinova, S. (2020). Internationalisation and risk: Literature review, integrative framework and research agenda. International Business Review, 29(3), 101688. DOI: https://doi.org/10.1016/j.ibusrev.2020.101688
Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of management review, 14(1), 57-74. DOI: https://doi.org/10.5465/amr.1989.4279003
Galesne, A., Fensterseifer, J. E., & Lamb, R. (1999). Decisões de investimentos da empresa. Atlas.
Giddens, A. (2002). Modernidade e identidade. Editora Schwarcz-Companhia das Letras.
Hart, O. (1995). Firms, contracts, and financial structure. Clarendon press. DOI: https://doi.org/10.1093/0198288816.001.0001
Janney, J. J., & Dess, G. G. (2006). The risk concept for entrepreneurs reconsidered: New challenges to the conventional wisdom. Journal of Business venturing, 21(3), 385-400. DOI: https://doi.org/10.1016/j.jbusvent.2005.06.003
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of financial economics, 3(4), 305-360. DOI: https://doi.org/10.1016/0304-405X(76)90026-X
Khoreva, Violetta; & Wechtler, Heidi. (2020). Exploring the consequences of knowledge hiding: an agency theory perspective. Journal of Managerial Psychology. DOI: https://doi.org/10.1108/JMP-11-2018-0514
Knight Frank, H. (1921). Risk, uncertainty and profit. книга.
Lafontaine, F. (1992). Agency theory and franchising: some empirical results. The rand journal of economics, 263-283. DOI: https://doi.org/10.2307/2555988
March, J. G., & Shapira, Z. (1987). Managerial perspectives on risk and risk taking. Management science, 33(11), 1404-1418. DOI: https://doi.org/10.1287/mnsc.33.11.1404
Milgrom, P. (1992). Economics, organization and management.
Nascimento, A. M., & Reginato, L. (2008). Divulgação da informação contábil, governança corporativa e controle organizacional: uma relação necessária. Revista Universo Contábil, 4(3), 25-47.
Petrakis, P. E. (2006). Entrepreneurial time commitment and risk. Journal of Business & Economics Research (JBER), 4(6). DOI: https://doi.org/10.19030/jber.v4i6.2675
Pinto Jr, H. Q., & Pires, M. C. P. (2009). Assimetria de informações e problemas regulatórios. Rio de Janeiro: Agência Nacional do Petróleo, Nota Técnica, (10), 217-60.
Pratt, J. W. (1978). Risk aversion in the small and in the large. In Uncertainty in economics (pp. 59-79). Academic Press. DOI: https://doi.org/10.1016/B978-0-12-214850-7.50010-3
Rocha, I., Pereira, A. M., Bezerra, F. A., & do Nascimento, S. (2012). Análise da produção científica sobre teoria da agência e assimetria da informação. REGE-Revista de Gestão, 19(2), 329-341. DOI: https://doi.org/10.5700/rege466
Santos, J. L. D., Schmidt, P., Fernandes, L. A., & Machado, N. P. (2007). Teoria da contabilidade. São Paulo: Atlas, 488.
Stake, R. E. (1995). The art of case study research. sage.
Triviños, A. N. S. (2009). Introdução à pesquisa em ciências sociais: a pesquisa qualitativa em educação. São Paulo: Atlas, 1987. Outros números do Informe Rural ETENE: ANO, 3, 25.
Vitolla, F., Raimo, N., & Rubino, M. (2020). Board characteristics and integrated reporting quality: an agency theory perspective. Corporate Social Responsibility and Environmental Management, 27(2), 1152-1163. DOI: https://doi.org/10.1002/csr.1879
Williamson, O. E. (2007). The economic institutions of capitalism. Firms, markets, relational contracting. In Das Summa Summarum des Management (pp. 61-75). Gabler. DOI: https://doi.org/10.1007/978-3-8349-9320-5_6
Wright, P., Mukherji, A., & Kroll, M. J. (2001). A reexamination of agency theory assumptions: extensions and extrapolations. The Journal of Socio-Economics, 30(5), 413-429. DOI: https://doi.org/10.1016/S1053-5357(01)00102-0
Yusuf, F., Yousaf, A., & Saeed, A. (2018, December). Rethinking agency theory in developing countries: A case study of Pakistan. In Accounting forum (Vol. 42, No. 4, pp. 281-292). Taylor & Francis. DOI: https://doi.org/10.1016/j.accfor.2018.10.002
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Revista Inteligência Competitiva
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
1. Authors who publish in this journal agree to the following terms: the author(s) authorize(s) the publication of the text in the journal;
2. The author(s) ensure(s) that the contribution is original and unpublished and that it is not in the process of evaluation by another journal;
3. The journal is not responsible for the views, ideas and concepts presented in articles, and these are the sole responsibility of the author(s);
4. The publishers reserve the right to make textual adjustments and adapt texts to meet with publication standards.
5. Authors retain copyright and grant the journal the right to first publication, with the work simultaneously licensed under the Creative Commons Atribuição NãoComercial 4.0 internacional, which allows the work to be shared with recognized authorship and initial publication in this journal.
6. Authors are allowed to assume additional contracts separately, for non-exclusive distribution of the version of the work published in this journal (e.g. publish in institutional repository or as a book chapter), with recognition of authorship and initial publication in this journal.
7. Authors are allowed and are encouraged to publish and distribute their work online (e.g. in institutional repositories or on a personal web page) at any point before or during the editorial process, as this can generate positive effects, as well as increase the impact and citations of the published work (see the effect of Free Access) at http://opcit.eprints.org/oacitation-biblio.html
• 8. Authors are able to use ORCID is a system of identification for authors. An ORCID identifier is unique to an individual and acts as a persistent digital identifier to ensure that authors (particularly those with relatively common names) can be distinguished and their work properly attributed.
