' The problem lies in motivating the agent to act in the principal's interest rather than simply in the agent's own interest Viewed in these broad terms, agency
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[PDF] Agency Problems and Legal Strategies - Harvard Law School
' The problem lies in motivating the agent to act in the principal's interest rather than simply in the agent's own interest Viewed in these broad terms, agency
[PDF] The agency problem, agency cost and proposed solutions thereto: A
The agency theory addresses this relationship between owners (shareholders) and the custodians of their wealth, that is the management of a firm If
Executive Compensation as an Agency Problem - JSTOR
agency problem Alternative Approaches to Executive Compensation Our focus in this paper is on publicly traded companies without a controlling shareholder
[PDF] The Agency Problem, Corporate Governance, and the - test
1976) A well-documented agency problem is managerial ''empire building'', which refers to managers' tendencies to grow the firm beyond its optimal size or to
[PDF] Mandatory Disclosure as a Solution to Agency Problems - CORE
Kitch, The Theory and Practice of Securities Disclosure (working paper on file with U Chi L Rev) ' See Michael C Jensen, Agency Costs of Free Cash Flow,
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