[[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
bag
finance_public
created
Tue, 25 Jan 2011 20:54:52 GMT
creator
dirkjan
modified
Tue, 25 Jan 2011 20:54:52 GMT
modifier
dirkjan
tags
M12
Principles of Corporate Management
Term
creator
dirkjan