Relationship between the State and Subsidized Companies : Agency Problem

In the original model constructed relations between the state and subsidized by them company, taking into account the level of subsidy, the value of the effort further by the company, as well as the possibility of an additional influence of the state on the resulting company cash flows. Assess the value of these relationships and suggest ways of harmonizing them for the company and for the state without an application by company the extra effort. The paper also assess value these relationships and suggest ways of harmonizing them for the company and for the state upon application by company the extra effort