Inhoudsopgave
Wat zijn residual costs?
Restverlies of residual loss: kosten als gevolg van imperfectie van de controle en het toezicht door de principaal en de informatieverstrekking door de agent.
Wat is een principaal Agentprobleem?
Alles over het principaal-agent probleem. Bij principaal-agentrelaties huurt de principaal een agent in om een taak uit te voeren, maar heeft de agent geen belang om de taak zo uit te voeren zoals de principaal het bedoelt. Er is sprake van tegengestelde belangen en asymmetrische informatie.
Wat zijn bonding costs?
Bonding kosten = Bonding kosten (of Bonding cost) zijn alle kosten die een agent maakt om zijn principaal ervan te overtuigen dat de agent in het belang van de principaal werkt.
What is agency theory in finance?
What is Agency Theory? Agency theory is a concept used to explain the important relationships between principals and their relative agent. In the most basic sense, the principal is someone who heavily relies on an agent to execute specific financial decisions and transactions that can result in fluctuating outcomes.
What are the basic assumptions of agency theory?
Agency theory argues—using fundamental assumptions that agents are: (a) self-interested, (b) boundedly rational, and (c) different from principals in their goals and risk-taking preferences—that a problem occurs when one party (a principal) employs another (an agent) to make decisions and act in their stead.
What is the principal-agent problem in agency theory?
Agency theory assumes that the interests of a principal and an agent are not always in alignment. This is sometimes referred to as the principal-agent problem. By definition, an agent is using the resources of a principal. The principal has entrusted money but has little or no day-to-day input.
How do you reduce agency loss in agency theory?
Key Takeaways. Agency theory attempts to explain resolve disputes over priorities between principals and their agents. Resolving the differences in expectations is called “reducing agency loss.”. Performance-based compensation is one way that is used to achieve a balance between principal and agent.