entity · derived
Agency cost
Derived node: assembled mechanically from the claims carrying agency-cost. A roster, not an adjudicated definition.
Every claim under this term
- 2097160-010 : Because the Barclays award falls away rather than converting, it does not create a fixed claim giving managers a stake in the firm's liquidation value, and therefore it does not lower agency cost.
- 2097160-032 : The governance benefits of traditional inside debt, incentive optimization and reduced agency costs, all depend on the entity remaining solvent, and inside debt supplies no mechanism of its own to ens
- 3441904-003 : Because blockchain guarantees prevent any participant from circumventing the coded set of governance rules, a lower level of oversight and monitoring of agents is needed, which changes the cost struct
- 3441904-006 : Without evolutionary governance upgrades to blockchain protocols, the cost reduction that blockchain brings to the agency relationship cannot be maintained.