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"The agency theory concept was initially developed by Means and Berle (1932), who argued that due to a continuous dilution of equity ownership of large corporations, ownership and control become more and more separated. This situation provides professional managers an opportunity to pursue their own interest instead of that of shareholders. Major effort of researchers has been devoted to models in which capital structure is evaluated by agency costs".
Required:
Explain in relation to the Agency problem by Jensen and Meckling.
How competitive is the market for banking services? A: With more than 7,000 banks and thrifts in the U.S., banking is one of the most competitive industries in the world. Consi
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concept of corporate accounting
Jackson Corporation prepared the following book income statement for its year ended December 31, 2011: Sales
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