单词 | agency cost view |
释义 | agency cost viewDefinition An argument that specifies that the various agency costs create a complex environment where total agency costs are at a minimum with some, but less than 100 percent, debt financing. Also states that agency costs, which are typically incremental costs that occur when an agent makes decisions on behalf of a client, are the lowest when the client finances some, but not all, of her or her transactions with debt. |
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