Business, 16.12.2020 16:30 21briannamtimms

Agency relationship refers to a consensual relationship between two parties, where one person (the principal) or entity authorizes the other, the agent, to act on his, her, or its behalf. Agency relationships exist in most large corporations due to the separation of management from ownership. The lack of alignment of the principal and the agent interests create an agency cost. What are the main implications of this separation

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Agency relationship refers to a consensual relationship between two parties, where one person (the p...

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