Information asymmetry, moral hazard and agency problem - Theoretical overview and practical implications

abs. v. š. Nurzada Mussaliyeva

Bakalářská práce

Abstract:

The topic of this bachelor's thesis is "Information asymmetry, moral hazard and agency problem - Theoretical overview and practical implications". The three theoretical concepts mentioned above are considered in the theoretical section of this work. The phenomena of information asymmetry theory, its cost and demand, different attitudes toward information asymmetry, the significance of asymmetric information, and information asymmetry and capital structure are all analyzed as part of the evaluation of information asymmetry theory. Furthermore, in the theoretical section of the thesis, a description of "moral hazard," its various conceptions, and examples of moral hazard are provided. The third chosen theoretical concept, agency theory, describes its definition, the practice of the agency problem, the concentration of control and ownership in the agency problem, and the shareholders' and managers' attitude toward the agency problem. The practical part of the thesis is devoted to the description and evaluation of the expert interviews, as well as the results and discussion. The primary goal of this thesis is to compare the theory to the practical findings. The methodology of the thesis' theoretical section is based on a review of relevant literature. The practical part makes use of information derived from expert opinion analysis and interview synthesis.

Keywords

Information asymmetry, Moral hazard, Agency problem, Management attitude, Economic policy, Information

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 17. 3. 2023

Obhajoba závěrečné práce

• Obhajoba proběhla 22. 5. 2023
• Vedoucí: Ing. Jana Kalabisová, Ph.D.
• Oponent: Petr Wawrosz, Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Bakalářský studijní program:
Economics and Management