Difference between revisions of "Agency costs"
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| − | Agency costs | + | [[Agency costs|Agency costs]] are incurred when |
| + | 1) Managers do not attempt to maximize the firms value | ||
| + | 2) Shareholders spend extra money to monitor and control managers | ||
[[Category:finance]] | [[Category:finance]] | ||
Latest revision as of 19:23, 27 August 2020
Agency costs are incurred when 1) Managers do not attempt to maximize the firms value 2) Shareholders spend extra money to monitor and control managers
