AGENCY COST

AGENCY COST
Издержки посредничества
Издержки неэффективности управления. Например, нанятый компанией посредник (агент) или работник вполне может преследовать свои собственные цели, не совпадающие с интересами собственника. Туристическая компания может продать вам более дорогие билеты, чтобы получить более высокое комиссионное вознаграждение, а высокопоставленный менеджер может принять неэффективное решение или даже сфальсифици ровать бухгалтерскую отчетность (accounting fraud), что способно нанести ущерб компании и ее акционерам. Подобные действия явились причиной краха в 2002 г. американских компаний Энрон и УолдКом. В такой ситуации собственник компании вынужден отслеживать и контролировать работу посредников, на что тратятся дополнительные средства. См. Principle-agent theory, Divorce of ownership.

Новый англо-русский словарь-справочник. Экономика. — М.: Флинта, Наукa. . 2010.

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  • Agency cost — An agency cost is an economic concept on the cost incurred by an organization that is associated with problems such as divergent management shareholder objectives and information asymmetry. The costs consist of two main sources: 1. The costs… …   Wikipedia

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  • Agency cost view — The argument that specifies that the various agency costs create a complex environment in which total agency costs are at a minimum with some, but less than 100%, debt financing. The New York Times Financial Glossary …   Financial and business terms

  • agency cost view — The argument that specifies that the various agency costs create a complex environment in which total agency costs are at a minimum with some, but less than 100%, debt financing. Bloomberg Financial Dictionary …   Financial and business terms

  • agency theory, financial — Introduction       in organizational economics, a means of assessing the work being done for a principal (i.e., an employer) by an agent (i.e., an employee). While consistent with the concept of agency traditionally advanced by legal scholars and …   Universalium

  • Agency (law) — Agency is an area of commercial law dealing with a contractual or quasi contractual tripartite set of relationships when an Agent is authorized to act on behalf of another (called the Principal) to create a legal relationship with a Third Party.… …   Wikipedia

  • Cost Accounting Standards — (popularly known as CAS) are a set of 19 standards and rules promulgated by the United States Government for use in determining costs on negotiated procurements. CAS differs from the Federal Acquisition Regulation (FAR) in that FAR applies to… …   Wikipedia

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  • Cost of electricity by source — The cost of electricity generated by different sources measures the cost of generating electricity including initial capital, return on investment, as well as the costs of continuous operation, fuel, and maintenance. The price is normally… …   Wikipedia

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  • Cost-Effectiveness Analysis Registry — The Cost Effectiveness Analysis Registry was developed by the Center for the Evaluation of Value and Risk in Health at the Institute for Clinical Research and Health Policy Studies, Tufts Medical Center, Boston, MA. The Registry contains detailed …   Wikipedia


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