HomeDefinitionsCompareDebt Agency problemThe financial definition for Agency problem:Conflicts of interest among stockholders, bondholders, and managers. Similar MatchesReplacement chain problemReplacement chain problemIdea that future ../../finance-glossary/ment decisions must be taken into account in selecting among projects. Underinvestment problemUnderinvestment problemThe mirror image of the asset substitution problem, in that stockholders refuse to invest in low-risk assets to avoid shifting wealth from themselves to debtholders. Click to compare definitions of Agency problem Click to view definitions beginning ag |