What is the meaning of Agency (theory)?

Agency (theory) is a branch of economics relating to the behavior of principals (such as owners) and their agents (such as managers).

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APABarry Goldsmith. (2010). Agency (theory). Retrieved September 20, 2026, from http://smartdefine.org/agency_(theory)/definitions/1147384
ChicagoBarry Goldsmith. 2010. "Agency (theory)" http://smartdefine.org/agency_(theory)/definitions/1147384 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, Agency (theory), Smart Define, viewed 20 September, 2026, <http://smartdefine.org/agency_(theory)/definitions/1147384>.
MLABarry Goldsmith. "Agency (theory)" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/agency_(theory)/definitions/1147384>