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Agency costs arise out of the conflicts between a principal (e.g., investors in a PE fund) and an agent (e.g., a PE fund manager). Identify
- Agency costs arise out of the conflicts between a principal (e.g., investors in a PE fund) and an agent (e.g., a PE fund manager). Identify two agency costs that PE fund investors can experience because of the way a PE fund manager operates the fund and pays himself.
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
