kaal:claim:3373393-007

Agency problems originate from the lack of trust between principals and agents, which itself stems from information asymmetries and agents' opportunistic self-interested behavior.

Source quote, verbatim

Agency problems originate from the lacking trust between principals and agents.

From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), II. Agency Problems in Corporate Governance, p. 4
https://ssrn.com/abstract=3373393 · source PDF

Cite as

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393

Classification

mechanismsupport: arguedreputationdisclosure

Related claims

generalizes kaal:claim:3962614-010 Significant information asymmetries in venture capital can lead portfolio company managers to engage in opport...
extended_by kaal:claim:3782210-002 Markets collapse when opportunistic behavior saps the efficiency of cooperation: once the environment becomes ...

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