Agency problems in the capital markets and the employment relationship: The possibility of efficiency-enhancing institutional innovation: An empirical case-study
In view of the prevalence of information asymmetry and incentive incompatibility problems, the market for capital and the employment relationship are shown to be prey to pervasive agency problems that make economic transactions subject to enforcement costs. The presence of these costs subverts the W...
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| Language: | ENG |
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ScholarWorks@UMass Amherst
1997
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| Online Access: | https://scholarworks.umass.edu/dissertations/AAI9721467 |