A Review of Implications of Informational Asymmetry and Principal-Agent Relationship
Author: MUSTAFA YOUNIS, YUCUF CELIC, and QWENDLYN PRATER
Published in PAM, Vol. 12 No. 2
This is an extension of article published by Younis, Kisa, and Howard in the Researcher, July 2006, entitled “Implications of Informational Asymmetry and Principal-Agent Relationship”. In this article the authors will cover the comprehensive review of seminal works for Miller and Rock (1985) and Myers and Majluf (1984), accompanied by a series of short reviews of related empirical studies.