agency cost的意思
代理成本
agency cost的用法讲解
Agency cost is a concept used in economics to explain the costs associated with having a third-party institutional agent act on behalf of a principal, usually a shareholder or a company. It is the price of having an agent work to serve the interests of the principal.
The concept of agency cost was first developed by the economist Stewart Myers in 1984. He argued that when the interests of the principal and the interests of the agent are misaligned, the principal incurs costs due to the agent's incentives and the costs of monitoring the agent's behavior. For example, when a company hires a manager or director to oversee the company's activities, there is potential for the manager's interests to be different from those of the company. In such a case, the company may incur costs associated with ensuring that the manager's actions are in line with the company's interests and that the manager is acting in the best interest of the company.
The costs associated with agency cost can vary widely depending on the nature of the relationship between the principal and the agent. For example, a company may have to pay higher wages and non-wage benefits to ensure that its agents are acting in the company's best interests. Alternatively, the company may have to pay performance-related bonuses or commissions to motivate the agents to work in the company's best interests. Finally, the company may need to invest in monitoring systems and systems of accountability to ensure that the agents are acting in the best interest of the principal.
In conclusion, agency cost is a concept used in economics to explain the costs associated with having a third-party agent act on behalf of a principal, such as a shareholder or a company. These costs can vary widely depending on the nature of the relationship, and can include higher wages, bonuses, and monitoring systems.
agency cost的短语
1、 agency cost theory 代理成本理论,代理理论,理论
2、 Agency Cost Hypothesis 代理成本假说,代理成本理论,代理成本说,降低代理成本假说
3、 Agency Cost Problem 代理成本问题
4、 agency cost of equity 代理成本
5、 Reduce Agency Cost 减少代理成本
6、 Which Produces Agency Cost 产生代理成本
7、 Agency Cost of Debt 即债务代理成本,债务费用
8、 debt agency cost 债务代理成本
9、 agency cost problems 代理成本问题
agency cost的例句
The objective of corporate governance is to lower agency cost caused by separating of two powers.
其目的是为了减少两权分离所带来的代理成本.
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Firstly, this paper introduces system value of MBO from the angle such as agency cost.
论文首先从代理成本理论等角度介绍了管理层收购的理论基础.
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The reduction of agency cost to minimum is to maximize the residual income of the firm.
最大限度的降低代理成本其实就是最大化企业的剩余收益.
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Modern school mainly contains clientele effect thought, signaling hypothesis and agency cost theory.
现代学派主要有追随者效应学派, 信号假说,代理成本理论.
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