When the interests of management and owners are not aligned, there will likely be a(n)

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An agency problem arises when there is a conflict of interest between management (the agent) and owners (the principals). This can occur when management's decisions prioritize their own interests or personal gain over maximizing shareholder value. As a result, shareholders may feel dissatisfied or even suffer financial losses, which can lead to a decline in stock value or even shareholder rebellions.

When the Interests of Management and Owners Are Not Aligned