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Explain in details the agency problem?

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Finance

Explain in details the agency problem?

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The Agency relationship arises when a principal hires an agent to represent their interestStockholders principals hire managers agents to run a companyThe agency problem is defined by a situation in which there is a conflict of interest between a principal and agentAgency cost is simply the cost of the conflict of interest For    See Answer
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Explain in details the agency problem?

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