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Question 2 Jensen, M. C. and W. J. Meckling (1976), Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure, Journal of Financial Economics,
Question 2
Jensen, M. C. and W. J. Meckling (1976), Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure, Journal of Financial Economics, 3 (4): 305-360.
(If you are unable to find this article in the library, you may get it by making a simple google search from other sources.)
By reading the article in Question 2 above and based on your own research, please describe the following:
a. Agency relationship
b. Agency problem
c. Agency cost
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