What are the elements of agency relationship according to Jensen and Meckling (1976)?

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Auditing An International Approach

ISBN: 9780273657736

1st Edition

Authors: Bahram Soltani

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Question Posted: May 23, 2024 07:02 AM

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Jensen and Meckling (1976) defines an agency relationship as a contract under which one or more persons hire another person (agent) to perform some service on their behalf and the principals delegate...
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What are the elements of agency relationship according to Jensen and Meckling (1976)?

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Auditing An International Approach

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