Question: According to Shankman ( 1 9 9 9 ) , two features make agency relations special. One of these is the inherent conflict of interest

According to Shankman (1999), two features make agency relations special. One of these is the inherent conflict of interest between shareholders and managers. What is the other?
According to Shankman (1999), two features make agency relations special. One of these is the inherent conflict of interest between shareholders and managers. What is the other?
Short-term focus of the ownership goals.
Informational asymmetry between principal and agent.
Limited communication between owners and managers.
Large differences in defined rights and obligations

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