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33. Discuss the ways in which the concepts of agency theory can be used to explain the relationships that exist between the managers of a

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33. Discuss the ways in which the concepts of agency theory can be used to explain the relationships that exist between the managers of a listed company and the providers of its equity finance. Your answer should include an explanation of the following terms: (a) asymmetry of information (b) agency costs (c) the free-rider problem (a) Provide reasons why, despite the same total profit over the last five years, shareholders regard firm A as being worth Tshs 500 more (extend your thoughts beyond the numbers in the table)

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