... Agency Cost Problem 代理成本问题 Which Produces Agency Cost 产生代理成本 GNP at agency cost 按本钱因素盘算的公民经济总值 ...
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现代企业所有权和经营权的分离带来了代理关系，而代理关系的存在又必然产生代理成本。
In modern company agency relationships exist because of the separation of the ownership and the management, and that agency relationships must bring agency cost.
通常被认为，透明和责任之间有着内在的联系；而许多人认为，秘密会产生大量的代理成本。
Transparency and accountability are seen as inherently linked, and secrecy is considered by many to produce large agency costs.
而最优的安排就是使得由于信息不对称所产生的代理成本降至最低。
And the optimum arrangement is to make the agency cost fall to minimum for the asymmetrical information.
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