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

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 ...

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 ...