A remark on managerial behaviour and agency cost

This paper studies the relationship between managers' private profit and agency cost using dynamic modelling methods. We conclude that the agency cost is a concave function of the managers' private profit and that the managers' private profit will lead to more investment cash outflow.

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Year of publication:	2007
Authors:	Gu, Zhihui ; Zhang, Qingyuan
Published in:	Quantitative Finance. - Taylor & Francis Journals, ISSN 1469-7688. - Vol. 7.2007, 5, p. 483-485
Publisher:	Taylor & Francis Journals
Subject:	Agency cost \| Managerial behaviour \| Private profit

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005462649