Question: Yermack ( JFE , 2 0 0 6 ) found that personal use of corporate jet is significantly related to where CEO's golf club is

Yermack

(

JFE

, 2006)

found that personal use of corporate jet is significantly related to where CEO's golf club is

.

In this example, the manager

(

CEO

)

is not acting in the best interest of the firm's shareholder. This kind of potential conflict of interest between a firm's owners and its managers is referred to as which type of conflict?

Agency

Organizational

Territorial

Structural

Formative

Yermack (JFE,2006) found that personal use of corporate jet is significantly

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