kaal:claim:3373393-010

Residual loss arises because the cost of enforcing suboptimal contracts between principals and agents always exceeds the benefits of performing the contractual obligations.

Source quote, verbatim

Residual loss arises because the cost of enforcing suboptimal contracts between principals and agents always exceed the benefits of performing the contractual obligations.

From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), II. Agency Problems in Corporate Governance, p. 5
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: assertedfailure: enforcement-cost-exceeds-benefitfamily: agency-cost-and-managerial-opportunismcompliancecorporate-governance

Verify

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Attestation record: colloquium/attestations/950f9a605548f129...json
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