Ðề: Agency Costs
An agency cost occurs when there is a conflict between parties concerned with a firm.
The primary agency conflicts are between managers and shareholders and shareholders
and bondholders, but there can also be conflicts between top management and operating
management, managers and employees, and stockholders and customers, suppliers, the
government and the community. Agency costs are the costs of monitoring the firm to
make sure that managers act in shareholders interests, bonding or the efforts that
managers take to assure shareholders that they are acting in their best interest, and
residual loss, losses because managers did not make decisions in the best interests of
shareholders. These tend to increase as the firm grows larger because there is a larger,
more diverse body of shareholders to satisfy. When there is one owner/manager, by
definition whatever choices he/she makes will maximize shareholder wealth. This
becomes more difficult as the number of shareholders increases.
Từ định nghĩa trên thì nghe có vẻ như là chi phí quản lý. Không biết VN có ai dịch chính xác agency cost chưa ?
Newworld dịch là chi phí đại lý....nghe rất là Việtnamese :wall: