What does agency cost mean?
Definitions for agency cost
agency cost
This dictionary definitions page includes all the possible meanings, example usage and translations of the word agency cost.
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Wikidata
Agency cost
An agency cost is an economic concept concerning the cost to a "principal", when the principal chooses or hires an "agent" to act on its behalf. Because the two parties have different interests and the agent has more information, the principal cannot directly ensure that its agent is always acting in its best interests. Common examples of this cost include that borne by shareholders, when corporate management buys other companies to expand its power, or spends money on wasteful pet projects, instead of maximizing the value of the corporation's worth; or by the voters of a politician's district when the politician passes legislation helpful to large contributors to their campaign rather than the voters. Though effects of agency cost are present in any agency relationship, the term is most used in business contexts.
Numerology
Chaldean Numerology
The numerical value of agency cost in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of agency cost in Pythagorean Numerology is: 4
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"agency cost." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/agency+cost>.
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