Shirking is the tendency to do less work when the return is smaller. Owners may have more incentive to shirk if they issue equity as opposed to debt, because they retain less ownership interest in the company and therefore may receive a smaller return. Thus, shirking is considered an agency cost of equity.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). shirking. Retrieved September 22, 2026, from http://smartdefine.org/shirking/definitions/1163476 |
| Chicago | Barry Goldsmith. 2010. "shirking" http://smartdefine.org/shirking/definitions/1163476 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, shirking, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/shirking/definitions/1163476>. |
| MLA | Barry Goldsmith. "shirking" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/shirking/definitions/1163476> |