In literature this agency problem between the borrower and the lender has been used to explain various financial phenomena.
This creates an agency problem.
The study on the relation of managerial ownership and corporate performance is an ancient proposition in order to provide a theoretical basis for agency problem and equity incentive.
The agency problems result form the evolvement of the agency firms and originate in the separation of shareholders and management.
The problem of designing an efficient economic contest under dual information asymmetry, i. e. under which agency problems of adverse selection and moral hazard may co exist is explored.
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