Shirking

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

shirking

see TEAM PRODUCTION.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The third term is the discounted value of the sum of the probabilities that the worker does not shirk and shirks, but is not caught shirking, times the second-period wage plus the expected utility of period-two consumption from shirking.
In part 3, Shirk fleshes out her argument by tracing the history of several key economic policies, most notably the fiscal decentralization known as "eating in separate kitchens" (that granted greater economic power to provincial leaders) and the attempts to recapture lost central revenues by substituting uniform tax policy for the method of negotiated contracts to hand over a share of enterprise profits to the state.
"Low inventory is everyone's challenge," Shirk said.
Further, Shirk began the first decade of his career with Ford Motor Company in a variety of engineering and production roles of increasing responsibility.
This is "likely due to the advisors' role as both a financial advisor and a business owner, accompanied by their propensity to be financial-planning-oriented," Shirk said in a statement.
"If not, then we've got powers that we're not going to shirk from.
Shirk will join Sabre from Kony, Inc., where he served as president and was responsible for the company's enterprise product portfolio, product management, product development, company strategy, and global marketing.
"We wrote the report being mindful of past lessons," Shirk states.
Shirk and Simmons join Smith, Glasper and Janetta Taylor, the senior assistant director for operations, as the agency's executive leadership team.
There are two margins on which the incentive to shirk could operate: whether the player goes on the DL, and how long he stays there.
"Segmentation is at the heart of an advisor's growth, productivity, and ultimate profitability," says Kenton Shirk, associate director at Cerulli.
"Don't get me wrong, I won't shirk my responsibilities of making tough decisions.