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AGENCY THEORY
An agency relationship may be defined as a contract under which one or more people (the principals) hire another person (the agent) to perform some services on their behalf, and hand over some choice making authority to that agent. In the financial management framework, agency connection exists among:
(a) Shareholders and Managers(b) Debt holders and Shareholders
name the concept which increases the return on equity shares by changing the capital structure of the co.
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Define the meaning of procurement Term procurement was used in a broad sense so as to include the whole gamut of raising funds externally.
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