kaal:claim:3373393-011

Agency costs are the sum of monitoring costs, bonding costs, and residual loss, and in the corporate context they can be seen as the lost share value resulting from diverging interests between shareholders and corporate managers.

Source quote, verbatim

As such, agency costs are the sum of monitoring costs, bonding costs, and residual loss.

From

Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), II. Agency Problems in Corporate Governance, p. 6
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

definitionalsupport: assertedcorporate-governancecompliance

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 4d1424b9ba9aff8a61bc7a0dddd02cded93785e5843685dde76c07dcdb23961e. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/fd5413f98db1457e...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3373393-011.md | sha256sum