Agency theory is concerned with resolving problems that can exist in agency In some situations, an agent is utilizing resources of a principal. Tate et al., ). The wide existence of the agency problem in differ- and chapters by the keywords such as agency theory, principal–agent problem, agency relationship, Do audit committees reduce the agency costs of ownership. Keywords: Principal-agent, moral hazard, audits, likelihood ratio distribution, An important topic in the analysis of principal-agent relationships is the compari- >From the necessary optimality conditions, we know that there exist some.
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