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Costs are incurred in monitoring agency contracts with management, and these costs, the argument goes, reduce managers' compensation. Therefore, managers have an incentive to keep
Costs are incurred in monitoring agency contracts with management, and these costs, the argument goes, reduce managers' compensation. Therefore, managers have an incentive to keep the costs low by not being in conflict with owners.
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Give examples that managers tend to keep agency costs low by providing at least two articles studying that topic.
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