Shirking

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Related to shirked: shirkers

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 ?
It's just unfortunate that he has done just that and shirked his responsibilities since losing office.
It may only seem to be pro-White House in contrast with networks such as CBS, which admitted--under pressure--to using badly forged documents to "prove" that President Bush shirked his duty with the National Guard during the Vietnam War.
We have been told that only General Synod has the authority to decide the doctrine of the Anglican Church of Canada, but now the issue is to be shirked, allowing supporters of same-sex blessings to do an end-run around General Synod.