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Agency costs

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Agency costs
The incremental costs of having an agent make decisions for a principal.


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However, excess commissions are also related to an expense-shifting motive and these payments are associated with lower return performance--suggesting that agency costs arise from soft-dollar payments.
Behavioral Finance by NBER Reporter
The optimal dividend policy is therefore one that minimizes the sum of these agency costs and transaction costs.
Dividend policy determinants in the insurance industry by Casey, K. Michael; Smith, Frank S.; Puleo, Victor A., Jr. / Journal of Academy of Business and Economics
Agency costs include those related to inspection, routine maintenance, repair and rehabilitation, and construction project costs based on data in the ODOT summary of contract awards.
Applying LCCA to bridges by Al-Wazeer, Adel; Harris, Bobby; Nutakor, Christopher / Public Roads
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