What is the agency problem and how might it impact the goal of maximization of shareholder wealth?

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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Question Posted: Sep 11, 2015 07:14 AM

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What is the agency problem and how might it impact the goal of maximization of shareholder wealth?

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The agency problem is a result of the separation of owners and managers where managers do whats in ...View the full answer

Foundations of Finance The Logic and Practice of Financial Management

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