“…This may be private information, which regards the running of the business, investments, performance and abilities of the agent (Valančienė and Jegelevičiūtė 2014). The managers therefore take advantage by exploiting the situation to their benefit resulting in agency cost (Cuervo-Cazurra, Mudambi, and Pedersen 2019;Company, Jensen, and Meckling 1976;Auronen 2003;Martin, Wiseman, and Gomez-Mejia 2019;Hill, C. W., & Jones 1992) Third Party Agent Principal…”