Agency problems originate from the lack of trust between principals and agents, which itself stems from information asymmetries and agents' opportunistic self-interested behavior.
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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
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Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393
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mechanismsupport: arguedreputationdisclosure
Related claims
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extended_bykaal:claim:3782210-002 Markets collapse when opportunistic behavior saps the efficiency of cooperation: once the environment becomes ...
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