Private Benefit of Control,Agency Problem,and Merger Process and Acquisition;

Agency Problem in Institutional Investors and its Effect on Market:Based on Performance of US Fund Managers;

Large Shareholder Agency Problem & the Use of IPO Proceeds;

However,the scholars have not reckoned with altruism within families and agency problems it may bring about to family enterprises.

The results indicate that the state-owned listed company,or low-growth corporate has more severe agency problems,that the efficiency of corporate governance mechanisms varies with the nature of the control rights and growth opportunity,and that bank debts do not play an role in governance of listed companies in China,which deteriorates the agency co.

However,the structure of business groups may create agency problems between ultimate controlling shareholders and minority shareholders.

Company contract,agent problem and accounting institutional change;

To research a class of principal-agent problem,this paper proposed a method to obtain information indirectly by means of observing agent in multi-state of nature,and on the basis of information observed,the assumption of prior probability of natural state through employing Bayes theorem was modified.

Applying the knowledge of economics,the paper analyzes the basic modes of principal-agent relations and causes of principal-agent problems of Chinese professional sport market,discussesthe problems of the equilibrium contracts between professional sport association and professional sportclubs,constructs the referee s Moral Hazard Model under the economic principle.