Scharfstein, David S., and Patrick Bolton. "A Theory of Predation Based on Agency Problems in Financial Contracting." American Economic Review 80, no. 1 (March 1990).

Agency problems—also known as principal-agent problems or asymmetric information-driven conflicts of interest—are inherent in ...

Focus is on the relationship between upper-level management and stockholders -- categories which overlap when the owner is the manager. Although J&M clearly believe that agency problems within the ...

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CISOs should be thinking now about changing the assumption that the ‘Great Machine’ of artificial intelligence is so ...