The article explored the effect of separation between share holder and management which could make agency problem. The problem was caused by the agent and the principal as economic agent so they tried holding their interest and doing moral hazard for protecting their interest.
AKSES: Jurnal Ekonomi dan Bisnis is a peer-reviewed journal which is published by Islamic Faculty Wahid Hasyim Semarang incorporate with the scholars association, is scientific journal in the field of economic studies published by Economic Faculty, Wahid Hasyim University, Semarang, Indonesia. It is ...