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YANG Song-ling. Agency Theory and the Financial Management Objective of Small and Medium-sized Enterprises[J]. JOURNAL OF BEIJING UNIVERSITY OF TECHNOLOGY(SOCIAL SCIENCES EDITION), 2003, 3(3): 29-33.
Citation: YANG Song-ling. Agency Theory and the Financial Management Objective of Small and Medium-sized Enterprises[J]. JOURNAL OF BEIJING UNIVERSITY OF TECHNOLOGY(SOCIAL SCIENCES EDITION), 2003, 3(3): 29-33.
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Agency Theory and the Financial Management Objective of Small and Medium-sized Enterprises

  • College of Economics and Management, Beijing University of Technology, Beijing 100022, China

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  • Received Date: April 06, 2003
  • Available Online: January 11, 2023
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    • Abstract
  • Agency theory is very important for financial management of small and medium-sized enterprises(SME). The financial management objectives vary between large corporation and SME due to their different agency relationship. The financial management objective of SME presents the multielement characteristics resulting from the individual value orientation of owner-manager in SME.
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