Shirking


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Related to Shirking: stand pat, resubmit, call on, diverting, stationed

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.

shirking

see TEAM PRODUCTION.
References in periodicals archive ?
Moreover, if LTCs provide an incentive for shirking behavior, then why would management be so naive as to continue to offer such contracts to players?
alternative wage in case of getting fired), q the probability of being caught shirking, b the probability of termination of working post (exogenous, with no relation to effort), u the unemployment rate, and r the rate of interest used for discounting future to present value.
These studies demonstrate that there is no definitive answer on shirking in baseball.
The two companies' joint survey--I hope you notice who benefits from most of that shirking--said employers surveyed told researchers that 0.94 hours of shirking is actually factored into employee compensation formulas even though most personnel managers "privately" suspect average workers actually slough off 1.6 hours of their time in an eight-hour day.
(2002) found no evidence of shirking on a player's subsequent durability.
Using his theoretical construct, Feaver's look at civil-military relations during the Cold War reveals, despite "quibbles over how to code and interpret complex concepts like shirking or expectations of punishment," that the military worked (they expected the costs for shirking to be high) under intrusive monitoring (costs to do so were low while unintrusive monitoring was not very reliable).
This time, the change reduces the number of students a school may test without shirking the law.
Accordingly, the New Keynesian shirking models depict a world of fully rational maximizing agents where equilibrium unemployment is the main consequence of the payment of efficiency wages.
But Cole has a few complaints of his own and they are directed at the provincial fish management agencies, who he maintains, are shirking their responsibilities to set water quality standards for the industry.
On the flipside, Bach credited markets such as Pittsburgh, Miami, Orlando and tampa as dodging the sublease bullet by shirking the false promises of a "new economy."
It accused several local authorities, including Liverpool, of shirking their responsibilities.
It covers mostly skateboard ng but you will find some surfing and snow brucing in there as well It's got a no BS attitude shirking many of.