答案如下
Situations in which managers act in their own best interests at the cost of corporate common stock holders is an example of the:
A) principal-agent problem.
B) cost inefficiency problem.
C) absolute priority problem.
D) owner diagnoses problem.
Your answer: A was correct!
The principal-agent problem is created when the agent (management) has an incentive to act in their own best interest at the cost of the principal (owner). Common shareholders are not able to monitor all of the actions of management
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发表于 2006-3-29 17:11
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