What is meant by the term "agency costs"?
What is meant by the term "agency costs"?© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/business/accounting/what-is-meant-by-the-term-agency-costs-345
- Transaction costs of setting up the contract, e.g. selling commissions and legal fees for issuing bonds.
- Opportunity costs imposed by constraints that preclude otherwise optimal decisions, ...