Mention142833

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so:text We define an agency relationship as a contract under which one or more persons ) engage another person to perform some service on their behalf which involves delegating some decision making authority to the agent. If both parties to the relationship are utility maximizers there is good reason to believe that the agent will not always act in the best interests of the principal. (en)
so:isPartOf https://en.wikiquote.org/wiki/Michael_C._Jensen
so:description Theory of the firm: Managerial behavior, agency costs and ownership structure", 1976 (en)
qkg:hasContext qkg:Context69976
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qkg:Quotation133806 qkg:hasMention
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