| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,900,205,958 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Shirking |
Also found in: Dictionary/thesaurus, Legal, Idioms, Encyclopedia, Wikipedia | 0.01 sec. |
|
|
Shirking The tendency to do less work when the return is smaller. Owners may have more incentive to shirk if they issue equity as opposed to debt, because they retain less ownership interest in the company and therefore may receive a smaller return. Thus, shirking is considered an agency cost of equity. Shirking The act of working less when there is no chance of earning a higher return. For example, a company may have punitive taxes levied on it if its profits are considered excessive. The owners of the company therefore have an incentive to shirk their responsibilities and to not work as hard as they otherwise would. Likewise, employees who are paid poorly may shirk their responsibilities since there is no incentive rewarding hard work. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|