Агентская теория и корпоративный риск-менеджмент

In the increasingly competitive and globalized marketplace, market players are faced with problem of agency solvency [7]. The discussion of agency problem with reflection it on basis of agency theory lets understand us principles of risks structure in enterprises [39]. These statements were codified as important because of the need to explore and resolve problems of risks occurrence applying to statements of agency theory. The problem of agency theory is concluded in relationships of principal-agent that are dedicated to effectiveness of risk-control usage and assets management [1]. Risk management systems development has contributed a formation of principles well describing opportunities coming from agency theory that let inquire actions for effective opposition to arising threats. The agency theory flows from the disparity in relationships between agents and principals. This happens in cause of agent and principal together have different primary and final aims. The agents may behave selfishly because they are not risky; try to make less effort that it is required having great capabilities. Agency theory bases on solving two problems. The first one is linked with monitoring when principal cannot check a competence of agent’s behavior while decision-making. The second is in risks distribution. Agency theory has separation on two directions. The first direction sets goals on diversification principle according to which participants have opposite opinions on coordination and management mechanisms. These mechanisms selfish behavior. Research in this field stems from positive line and underline that goal’ conflicts between owners and managerial personnel occur constantly. The second direction pays attention on belief that agency theory about relationships between principal and agent are the same as between lawyer-main client, supplier-buyer and employer-employee. Meanwhile, agency theory for decades has become more significant than previously only basing on relationships between principal-agent. Agency theory tries to describe people’ behavior in any organizational structures such in enterprises.