Agency Theory

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Definition: Agency Theory

Quick Summary of Agency Theory

A theoretical model, developed by academics, to explain how the relationship between a principal and an agent may have economic consequences.

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What is the dictionary definition of Agency Theory?

Dictionary Definition

The analysis of principal-agent relationships, in which one person, an agent, acts on behalf of another person, a principal.

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https://payrollheaven.com/define/agency-theory/
Modern Language Association (MLA):
Agency Theory. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 27, 2021 https://payrollheaven.com/define/agency-theory/.
Chicago Manual of Style (CMS):
Agency Theory. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/agency-theory/ (accessed: September 27, 2021).
American Psychological Association (APA):
Agency Theory. PayrollHeaven.com. Retrieved September 27, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/agency-theory/

Definition Sources

Definitions for Agency Theory are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th February, 2020 | 9 Views.