Auditor's dictionary. 2014.
Agency Costs — A type of internal cost that arises from, or must be paid to, an agent acting on behalf of a principal. Agency costs arise because of core problems such as conflicts of interest between shareholders and management. Shareholders wish for… … Investment dictionary
Agency costs — The incremental costs of having an agent make decisions for a principal. The New York Times Financial Glossary … Financial and business terms
agency costs — The incremental costs of having an agent make decisions for a principal. Bloomberg Financial Dictionary … Financial and business terms
agency theory, financial — Introduction in organizational economics, a means of assessing the work being done for a principal (i.e., an employer) by an agent (i.e., an employee). While consistent with the concept of agency traditionally advanced by legal scholars and … Universalium
Agency cost — An agency cost is an economic concept on the cost incurred by an organization that is associated with problems such as divergent management shareholder objectives and information asymmetry. The costs consist of two main sources: 1. The costs… … Wikipedia
agency relationship — A relationship in which a principal engages an agent to perform some service on his or her behalf; this involves delegating authority by the principal. As it has to be assumed that the agent will not always act in the best interests of the… … Big dictionary of business and management
agency relationship — A relationship in which a principal engages an agent to perform some service on his or her behalf; this involves delegating authority by the principal. As it has to be assumed that the agent will not always act in the best interests of the… … Accounting dictionary
Agency cost view — The argument that specifies that the various agency costs create a complex environment in which total agency costs are at a minimum with some, but less than 100%, debt financing. The New York Times Financial Glossary … Financial and business terms
agency cost view — The argument that specifies that the various agency costs create a complex environment in which total agency costs are at a minimum with some, but less than 100%, debt financing. Bloomberg Financial Dictionary … Financial and business terms
agency theory — The relationship between two parties, a *principal and an *agent, in which the latter represents or acts on behalf of the former. *Agency costs may arise if the goals of a principal and agent are not congruent: an agent, in other words, may be… … Auditor's dictionary
