Who were generally regarded as the pioneers in developing the agency theory?

Question

Quizplus · Accepted Answer

Jensen and Meckling are generally regarded as the pioneers in developing the agency theory, with the publication of their 1976 article "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure". While Alchian and Demsetz also contributed to the development of agency theory, their work focused more on the theory of property rights. Smith and Warner as well as Whittred and Zimmer do not have significant contributions to the development of agency theory.

Who Were Generally Regarded as the Pioneers in Developing the Agency