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Emanating from the dangers confronted in agency principlehttps://www.tenutemazza.com researchers on small business monetary administration contend that in many small enterprises the agency relationship between owners and managers could also be absent as a result of the house owners are additionally managers; and that the predominantly nature of SMEs make the same old solutions to company problems similar to monitoring and bonding expensive thereby rising the price of transactions between varied stakeholders (Emery et al.1991).
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