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The textbook describes the classic pen-holding experiment by Strack,Martin,and Stepper (1988) .What did the results of that study suggest?
Agency Theory
A theory explaining the relationship between principals, such as shareholders, and agents, such as company executives, and how to best align the interests of both parties.
Owners
The individuals or entities that legally possess an asset or property.
Agents
Individuals or entities authorized to act on behalf of others in financial transactions or negotiations.
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