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What is Understanding Agency Theory in Governance about?

1) Agency theory emerged in response to the separation of ownership and control of corporations during the industrial revolution. This led to questions about how to balance the interests of shareholders (principals) and managers (agents). 2) A key insight of agency theory is that the interests of shareholders and managers may diverge, as managers may act in their own self-interest rather than that of shareholders. This can lead to agency costs in the forms of monitoring, bonding, and residual loss. 3) A

Author

Kuboja Joram

Language

EN