2. The public corporation is owned by a multitude of shareholders but run by professional managers. Managers

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2. The public corporation is owned by a multitude of shareholders but run by professional managers. Managers can take self-interested actions at the expense of shareholders.

Discuss the conditions under which the so-called agency problem arises.

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ISE International Financial Management

ISBN: 9781260575316

9th International Edition

Authors: Cheol Eun, Bruce Resnick, Tuugi Chuluun

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