{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/positions/2026-07-31-7908",
 "identifier": "kaal:position:2026-07-31-7908",
 "additionalType": "https://wulfkaal.github.io/positions/schema.json#AffirmedPositionClaim",
 "name": "Streaming The Macroeconomics Of Delegated Management 3Ffef4Ddfc",
 "text": "The Macroeconomics of Delegated Management states the retrieved proposition: Delegation is seen to give rise to a generic conflict of interests between shareholders and managers. Kaal's protected corpus separately states: 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. The defensible response is a qualification limited to the shared issue identified in the review rationale. This abstract-level comparison does not establish broader agreement, causation, empirical support, or equivalence.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "datePublished": "2026-07-31",
 "dateModified": "2026-07-31",
 "creativeWorkStatus": "Affirmed",
 "responseType": "qualification",
 "keywords": [
  "corporate-governance",
  "compliance",
  "historical-response",
  "scholarly-literature",
  "crossref"
 ],
 "scope_conditions": [
  "The response is limited to the retrieved source proposition and mapped Kaal claim unless fuller source review supports a broader conclusion.",
  "External evidence level: abstract indexed.",
  "Mapping review tier: substantively reviewed abstract-level qualification.",
  "Primary mapping confidence: 0.3743.",
  "The source-to-claim mapping remains explicitly ambiguous and is published with that limitation.",
  "Crossref abstract-indexed proposition only; full text not independently reviewed.",
  "Ambiguity is preserved because the review supports comparison, not equivalence or endorsement."
 ],
 "currentDebate": {
  "name": "The Macroeconomics of Delegated Management",
  "url": "https://doi.org/10.2139/ssrn.423182"
 },
 "extends": {
  "identifier": "kaal:claim:3373393-011",
  "url": "https://wulfkaal.github.io/claims/3373393-011",
  "citation": "Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393",
  "paper": "Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance",
  "authors": [
   "Wulf A. Kaal"
  ],
  "year": "2019",
  "ssrn": "https://ssrn.com/abstract=3373393",
  "source_pdf_sha256": "4d1424b9ba9aff8a61bc7a0dddd02cded93785e5843685dde76c07dcdb23961e"
 },
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   "@id": "https://wulfkaal.github.io/claims/3373393-011"
  },
  {
   "@type": "CreativeWork",
   "name": "The Macroeconomics of Delegated Management",
   "url": "https://doi.org/10.2139/ssrn.423182"
  }
 ],
 "batch_id": "kaal-review:2026-07-31:streaming-etl-0011-reviewed-v3",
 "review_provenance": "https://kaal-signal-desk.wulf577462.chatgpt.site/#review",
 "publicationStatus": "public",
 "recordTypeNote": "Dated commentary position extending a scholarly corpus claim. Not a verbatim claim extracted from the paper.",
 "isPartOf": {
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 "version": "1.0",
 "canonical_url": "https://wulfkaal.github.io/positions/2026-07-31-7908",
 "canonicalForm": "https://wulfkaal.github.io/positions/2026-07-31-7908.md",
 "candidateId": "kaal:response-draft:2026-07-31:f768920a2ad8740bfb51",
 "evidenceLevel": "abstract indexed",
 "reviewTier": "substantively reviewed abstract-level qualification",
 "mappingConfidence": 0.3743,
 "mappingAmbiguous": true,
 "mappingMethod": "idf-weighted multi-field mapping v1",
 "mappingWhyRelevant": "Independent substantive review found a bounded comparison concerning shareholder-manager agency costs. The external proposition expressly states delegation creates conflicts between shareholders and managers; the protected Kaal claim expressly states agency costs reflect monitoring, bonding, and losses from diverging shareholder-manager interests. The reviewed response quotes both propositions, labels the mapping ambiguous, and does not infer agreement, causation, empirical support, or equivalence.",
 "sourceProvenance": {
  "source": "crossref",
  "sourceRecordId": "10.2139/ssrn.423182",
  "queryId": "concept:4eef884d0548",
  "queryText": "agent identity delegated authority",
  "canonicalUrl": "https://doi.org/10.2139/ssrn.423182",
  "doi": "10.2139/ssrn.423182",
  "externalIds": {
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   "Crossref": "10.2139/ssrn.423182"
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  "retrievedAt": "2026-07-31T21:49:53.414Z",
  "providerPage": 4,
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  "workId": "work:doi:10.2139/ssrn.423182",
  "workAuthors": [
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   "John B. Donaldson"
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  "workPublishedAt": "2003-01-01",
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   "proposition:9e960f6486486dea9c79fd55f64e82e62d8cd8afbd1f96bbd1ba92cf7fcd139d"
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  "sourceProposition": "Delegation is seen to give rise to a generic conflict of interests between shareholders and managers.",
  "sourcePropositionSha256": "9204c41be7a89ddbdaa5045142a270311f1221938e2c9fa4752ec6def3d7d9fb",
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    "claimUrl": "https://wulfkaal.github.io/claims/3373393-011",
    "rank": 1,
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    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: seen, interests, between, shareholders, managers. Scope: review source claim scope.",
    "ambiguous": true
   },
   {
    "claimId": "kaal:claim:1558614-016",
    "claimUrl": "https://wulfkaal.github.io/claims/1558614-016",
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    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: conflict, interests, shareholders, managers. Scope: no demonstrable conflict of interest is shown.",
    "ambiguous": true
   },
   {
    "claimId": "kaal:claim:4033886-007",
    "claimUrl": "https://wulfkaal.github.io/claims/4033886-007",
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    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: between, managers. Scope: absence of uniform valuation standards.",
    "ambiguous": true
   },
   {
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    "claimUrl": "https://wulfkaal.github.io/claims/4033886-008",
    "rank": 4,
    "confidence": 0.3053,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: between, managers. Scope: quoting level 1 digital assets.",
    "ambiguous": true
   },
   {
    "claimId": "kaal:claim:1908473-034",
    "claimUrl": "https://wulfkaal.github.io/claims/1908473-034",
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    "confidence": 0.2914,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: rise. Scope: Especially where the voting rights increase can reach the level of change of control.",
    "ambiguous": true
   }
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  "substantiveReview": {
   "reviewVersion": "kaal-substantive-review-v2-manual-adjudication",
   "reviewedAt": "2026-07-31T22:08:42.497Z",
   "reviewer": "Codex substantive evidence review with manual adjudication",
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   "evidenceLevel": "abstract indexed",
   "priorReviewDisposition": "withheld",
   "finalDisposition": "retained",
   "originalPrimaryClaimId": "kaal:claim:3373393-011",
   "reviewedPrimaryClaimId": "kaal:claim:3373393-011",
   "mappingAction": "primary-mapping-confirmed",
   "relevance": "bounded-domain-specific-relevance",
   "propositionFidelity": "hash-verified",
   "scopeMatch": "bounded-match",
   "evidenceSufficiency": "abstract-sufficient-only-for-explicit-bounded-comparison",
   "mappingAmbiguous": [
    "kaal:claim:3373393-011",
    "shareholder-manager agency costs",
    "delegation creates conflicts between shareholders and managers",
    "agency costs reflect monitoring, bonding, and losses from diverging shareholder-manager interests"
   ],
   "rationale": "Independent substantive review found a bounded comparison concerning shareholder-manager agency costs. The external proposition expressly states delegation creates conflicts between shareholders and managers; the protected Kaal claim expressly states agency costs reflect monitoring, bonding, and losses from diverging shareholder-manager interests. The reviewed response quotes both propositions, labels the mapping ambiguous, and does not infer agreement, causation, empirical support, or equivalence.",
   "limitations": [
    "Crossref abstract-indexed proposition only; full text not independently reviewed.",
    "Ambiguity is preserved because the review supports comparison, not equivalence or endorsement."
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 "userAffirmation": "I affirm reviewed batch kaal-review:2026-07-31:streaming-etl-0011-reviewed-v3, SHA-256 2630781aba28de980ff48a84aafcbe0fd0db750ec91b2f354b50eae4c9edaab4, as substantively reviewed and authorize publication of all 23 retained response claims on my canonical property, preserving their evidence limitations, ambiguity labels, provenance, append-only review ledger, original candidate identities, and the unchanged 5,033 scholarly claims.",
 "sha256": "ae00651e857a9feb51916feb05750563768dac30fbcb0511e8418e65844b4882"
}