Executive Compensation as an Agency Problem Finance Essay
All modern organizations have one common feature that forms the major distinguishing factor between the management and the shareholders. In the developed countries, large corporations are actually composed of a distinct structure made up of the shareholders and management. In fact, the separation of management and ownership seems to have gained immense popularity during the start of twentieth century. As a result of the separation of corporate ownership and management, the corporate world has experienced unprecedented growth. On the other […]