2019 Scientific Conference on Management, Education and Psychology
Study on Principal-agent Theory
Qianwen Cheng, Yong Wang and Xiazi Song
The core of principal-agent theory is to solve incentive problem of the principal to the agent when the conflict of interest and information asymmetry. This paper analyzes traditional bilateral principal-agent theory with research purpose, basic assumptions, model establishment, solution and conclusion as basic framework, and summarizes three extended forms of principal-agent theory.
Principal-agent theory; Incentive problem; Extended forms
Cite this paper:
Qianwen Cheng, Yong Wang and Xiazi Song. Study on Principal-agent Theory. 2019 Scientific Conference on Management, Education and Psychology (SCMEP 2019). 2019, Vol.1: 68-71.