Publication details
Teorie principal-agent v kontextu veřejných financí na regionální úrovni
Title in English | PRINCIPAL-AGENT THEORY IN A CONTEXT OF PUBLIC FINANCE AT A REGIONAL LEVEL |
---|---|
Authors | |
Year of publication | 2010 |
Type | Article in Proceedings |
Conference | Zborník príspevkov z XII. ročníka medzinárodnej vedeckej konferencie pod názvom Financie a riziko. |
MU Faculty or unit | |
Citation | |
Field | Economy |
Keywords | principal-agent theory budgeting process regional budget |
Description | Initially the concept of "principal-agent theory" was applied to explain of the issues related to information asymmetry in the works devoted to the theory of the firm. This theory did not remain merely conceptual question of explaining the phenomena of institutional negotiation companies and individuals belonging to the private sector, but soon after its introduction, has found much wider application. The aim of the article is to reveal weaknesses in public financial management process at the regional level and the issue of setting powers and responsibilities of the various budgetary procedures of regions by application the principal-agent theory. The ambition of this article is unveiling the roads leading to better interaction between the bureaucracy and representatives in the field of efficient allocation of regional resources. |