Write two summaries of those two articles
...Article Summaries Jensen, MC &Meckling, WH 1976, ‘Theory of the Firm: Managerial Behavior, Agency Costs
and Ownership Structure’, Journal of Financial Economics, vol. 3, pp. 305-360.
This particular paper extends the notion of “agency theory’. The ‘agency theory’ focuses on the divergence of interests of the salient agents and respective principles in any firm. To put it simply, it pertains to the conflict of interest between managers in any firm and the firm’s owners.
This paper focuses on the dilemma that the managers in a firm may take such decisions, being the caretakers of the owner’s assets, which they may not subscribe to, had... of the Management of the Concerned 15 December...