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| | Agency Theory |
 | | Agency theory, developed in the 1970s, refers to the variety of ways in which agents, linked by contractual arrangements with a firm, influence its behavior. |
 | | Also see: theory of the growth of the firm, theory of the firm, organization theory, managerial theories of the firm, bureaucracy |
 | | 'Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure', Journal of Financial Economics, vol. |
| www.economyprofessor.com /economictheories/agency-theory.php (142 words) |
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