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Principals and Agents, or Principals and Stewards? Australian Arms Length Agencies’ Perceptions of Arm’s Length Government Instruments
Public Performance & Management Review ( IF 2.806 ) Pub Date : 2021-02-11 , DOI: 10.1080/15309576.2021.1881803
Sandra Van Thiel 1 , Amanda Smullen 2
Affiliation  

Abstract

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 perform as agreed, leading to a need for extra monitoring and control. Stewardship theory is based on trust, and requires very different instruments to manage at arm’s length. Using the perspective of arm’s length bodies at federal level in Australia, we will describe how they perceive the instruments that have been implemented by their portfolio departments to manage and control them. Using survey data (N = 89), we will test which of the two models is used most often in this country, one of the frontrunners in agencification. Results show that arm’s length agencies are more inclined to take a stewardship position, while a mixture of instruments from the principal-agent and stewardship model is applied. This could lead to problematic relationships.



中文翻译:

委托人和代理人,或委托人和管家?澳大利亚公平交易机构对公平交易政府文书的看法

摘要

在全球各国政府大规模创建公平交易机构后,这些政府现在面临着如何管理、引导或控制这些公平交易机构的困境。已经开发了不同的工具,基于两种理论模型中的任何一种:委托代理理论或管理理论。两者都基于人类的经济模型,委托人向代理人或管家收取任务。委托代理理论基于委托人不信任代理人按约定执行,导致需要额外的监督和控制。管理理论基于信任,需要非常不同的工具来进行管理。使用澳大利亚联邦一级公平交易机构的观点,我们将描述他们如何看待他们的投资组合部门实施的管理和控制工具。使用调查数据(N  = 89),我们将测试这两种模型中的哪一种在这个国家最常用,是代理的领跑者之一。结果表明,公平交易机构更倾向于采取管理职位,而使用委托代理和管理模式的混合工具。这可能会导致有问题的关系。

更新日期:2021-02-11
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