Question: Why is it challenging for principals to shape the behavior of agents who lead firms on behalf of principals? Principals support more anticompetitive behavior than

Why is it challenging for principals to shape the behavior of agents who lead firms on behalf of principals?
Principals support more anticompetitive behavior than agents do.
CEOs want to prevent empire building.
Principals do not use governance mechanisms.
Goals are not always the same.
Why is it challenging for principals to shape the behavior of

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