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2019 Scientific Conference on Management, Education and Psychology , Pages 68-71

Study on Principal-agent Theory

Qianwen Cheng, Yong Wang and Xiazi Song

Corresponding Author:

Qianwen Cheng

Abstract:
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.
Keywords:
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.