Discover strategies to resolve agency conflicts in corporations, including monitoring, incentives, and contract design, to ...

In this paper, we study the principal-agent problem. It is well known that in continuous-time, it is possible to prove the existence of an equilibrium (u*, S*) in a considerably general setting, and ...

Explore how the principal-agent problem affects government efficiency, elected officials, and industry interactions, causing ...

Global regulators, including the European Securities and Markets Authority (ESMA) and the UK’s Financial Conduct Authority (FCA), are working on providing clear definitions to clarify what constitutes ...

Principal vs. agency trading refers to two different ways financial institutions execute trades on behalf of clients or themselves. In principal trading, the firm buys or sells securities for its own ...