An analysis of the agency costs in economic theory, their implications, and associated frameworks.
An examination of the agency problem, defined as the difficulties encountered when a principal delegates a task to an agent, highlighting issues of asymmetric information and incomplete contracts.
An exploration of agency theory, focusing on the contractual relationship between a principal and an agent, asymmetric information, and incentive mechanisms.
The concept of firm objectives in market economies, primarily focusing on profit maximization and the maximization of shareholder value.
A contract that incorporates incentives designed to induce desired behaviour.
A comprehensive overview and analysis of the concept of incomplete contract in economics.
An explanation of the term 'principal' in economic and business contexts, including the principal-agent relationship.
The distinction between those who own a company (shareholders) and those who control its operations (managers)
