Principals and Agents: Structure of Business

(Paperback)

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The relationship called agency - one individual (the agent), acting on behalf of another (the principal) - is important to a wide range of business phenomena, such as labour contracts, corporate structures, transfer prices and tax partnerships. The subjects covered in this book include: the treatment of agency in the economics literature; institutional responses to the generic problems of agency; fiduciary duties, insider trading, and employment contracts; and the means by which an agency facilitates subordinates' autonomy and managers' control.

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Harvard Business Review is the leading destination for smart management thinking. Through its flagship magazine, 11 international licensed editions, books from Harvard Business Review Press, and digital content and tools published on HBR.org, Harvard Business Review provides professionals around the world with rigorous insights and best practices to lead themselves and their organizations more effectively and to make a positive impact.