SHIRKING


Meaning of SHIRKING in English

The tendency to do less work when the return is smaller. Owners may have more incentive to shirk if they issue equity as opposed to debt , because they retain less ownership interest in the company and therefore may receive a smaller return. Thus, shirking is considered an agency cost of equity .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.