Discover how agency and stakeholder theories explain business relationship dynamics and conflicts, helping clarify interests ...

In a principal–agent relationship, how should principals budget time for oversight when oversight activity is not instantaneous? We develop a formal model of resource allocation by a principal ...

Agency costs are internal costs that arise from an agent who acts on behalf of a principal in some situations.

When a principal hires an agent to carry out specific tasks, the hiring is termed a "principal-agent relationship," or simply an "agency relationship." When a conflict of interest between the needs of ...