Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Agency Problem

Chapter 8
Handbook of Research on Applied AI for International Business and Marketing Applications
Problem that arise in situations where the principal cannot directly ensure that the agent acts in the principal's best interest.
Published in Chapter:
Economic AI Literacy: A Source of Competitive Advantage
Dirk Nicolas Wagner (Karlshochschule International University, Germany)
Copyright: © 2021 |Pages: 18
DOI: 10.4018/978-1-7998-5077-9.ch008
Abstract
This chapter introduces the concept of economic AI literacy as a source of competitive advantage in a world where artificial intelligence (AI) complements and transforms business models. The purpose of economic AI literacy is to allow for enhanced strategic decision making in firms that either offer and/or use AI. Data and information goods, economics of networks, and economic agents in artificially intelligent firms are introduced as basic elements of economic AI literacy. To illustrate application, the case of TensorFlow and related cases are presented. The discussion highlights the strategic relevance of economic reasoning in the light of the expected effects of AI on business transformation.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Chapter 11
Corporate Governance and Company Performance: A Comparative Analysisi Across Sectors in Portugal
The agency problem results from a conflict-of-interest characteristic of any relationship where one of the parties acts to maximize its benefit.
Published in Chapter: Corporate Governance and Company Performance: A Comparative Analysisi Across Sectors in Portugal; From: Comparative Research on Earnings Management, Corporate Governance, and Economic Value
Full Text Chapter Download: US $37.50 Add to Cart
Chapter 7
Equilibrium in Corporate Governance: Effects in Developing Countries
Conflict between parties in a contract from an agent-principal perspective in agency theory.
Published in Chapter: Equilibrium in Corporate Governance: Effects in Developing Countries; From: Corporate Governance Models and Applications in Developing Economies
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR