{"id":21324,"date":"2023-12-06T02:38:43","date_gmt":"2023-12-06T02:38:43","guid":{"rendered":"https:\/\/masterskills.org\/blog\/agency-problem-la-gi-nguyen-nhan-va-huong-giai-quyet.html"},"modified":"2023-12-22T04:54:41","modified_gmt":"2023-12-21T21:54:41","slug":"agency-problem-la-gi-nguyen-nhan-va-huong-giai-quyet","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/agency-problem-la-gi-nguyen-nhan-va-huong-giai-quyet.html","title":{"rendered":"Agency problem l\u00e0 g\u00ec? Nguy\u00ean nh\u00e2n v\u00e0 h\u01b0\u1edbng gi\u1ea3i quy\u1ebft"},"content":{"rendered":"
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<\/figure>\n

Agency problem l\u00e0 g\u00ec? Agency problem l\u00e0 v\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n, \u0111\u1ec1 c\u1eadp \u0111\u1ebfn m\u00e2u thu\u1eabn x\u1ea3y ra khi ng\u01b0\u1eddi th\u1eeba h\u00e0nh (\u0111\u1ea1i di\u1ec7n) kh\u00f4ng l\u00e0m nh\u1eefng g\u00ec mang l\u1ea1i l\u1ee3i \u00edch t\u1ed1t nh\u1ea5t cho ng\u01b0\u1eddi \u1ee7y nhi\u1ec7m.<\/p>\n

Ch\u1eb3ng h\u1ea1n, CEO c\u1ee7a m\u1ed9t c\u00f4ng ty l\u1edbn ch\u1ecbu tr\u00e1ch nhi\u1ec7m \u0111i\u1ec1u h\u00e0nh n\u00f3. H\u1ecd l\u00e0 ng\u01b0\u1eddi \u0111\u1ea1i di\u1ec7n cho c\u00e1c c\u1ed5 \u0111\u00f4ng. V\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n n\u1ea3y sinh khi l\u1ee3i \u00edch c\u1ee7a CEO kh\u00f4ng ph\u00f9 h\u1ee3p v\u1edbi l\u1ee3i \u00edch c\u1ee7a c\u1ed5 \u0111\u00f4ng.<\/p>\n

Nguy\u00ean nh\u00e2n d\u1eabn \u0111\u1ebfn agency problem l\u00e0 g\u00ec?<\/strong><\/span><\/h2>\n

C\u00f3 nhi\u1ec1u l\u00fd do d\u1eabn \u0111\u1ebfn v\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n nh\u01b0ng ph\u1ed5 bi\u1ebfn nh\u1ea5t l\u00e0 do s\u1ef1 thi\u1ebfu quan t\u00e2m \u0111\u1ebfn vi\u1ec7c t\u1ed1i \u0111a h\u00f3a t\u00e0i s\u1ea3n c\u1ee7a ng\u01b0\u1eddi \u1ee7y nhi\u1ec7m.<\/p>\n

V\u00ed d\u1ee5, c\u00e1c c\u1ed5 \u0111\u00f4ng th\u01b0\u1eddng \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t c\u00f4ng ty \u0111\u1ec3 thu \u0111\u01b0\u1ee3c nhi\u1ec1u l\u1ee3i nhu\u1eadn nh\u1ea5t v\u00e0 m\u1ed9t doanh nghi\u1ec7p kh\u00f4ng cung c\u1ea5p gi\u00e1 tr\u1ecb \u0111\u01b0\u1ee3c coi l\u00e0 kh\u00f4ng th\u00e0nh c\u00f4ng. Nguy\u00ean nh\u00e2n d\u1eabn \u0111\u1ebfn vi\u1ec7c kh\u00f4ng \u0111\u00e1p \u1ee9ng \u0111\u01b0\u1ee3c y\u00eau c\u1ea7u c\u1ee7a c\u1ed5 \u0111\u00f4ng (m\u1eb7c d\u00f9 c\u00f3 l\u00e3i) c\u00f3 th\u1ec3 l\u00e0 do t\u01b0 l\u1ee3i c\u1ee7a ng\u01b0\u1eddi qu\u1ea3n l\u00fd. Trong nh\u1eefng tr\u01b0\u1eddng h\u1ee3p nh\u01b0 v\u1eady, c\u00e1c c\u1ed5 \u0111\u00f4ng n\u00ean \u0111\u01b0\u1ee3c \u01b0u ti\u00ean.<\/p>\n

N\u00f3i c\u00e1ch kh\u00e1c, agency problem n\u1ea3y sinh l\u00e0 v\u00ec quy\u1ec1n l\u1ee3i v\u00e0 \u01b0u ti\u00ean c\u1ee7a b\u00ean \u0111\u1ea1i di\u1ec7n c\u00f3 th\u1ec3 kh\u00e1c v\u1edbi quy\u1ec1n l\u1ee3i c\u1ee7a b\u00ean \u1ee7y nhi\u1ec7m.<\/p>\n

M\u1eb7t kh\u00e1c, v\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n ph\u00e1t sinh c\u00f2n l\u00e0 do th\u00f4ng tin kh\u00f4ng c\u00e2n x\u1ee9ng v\u00e0 h\u1ee3p \u0111\u1ed3ng kh\u00f4ng \u0111\u1ea7y \u0111\u1ee7. Vi\u1ec7c che \u0111\u1eady th\u00f4ng tin ng\u0103n c\u1ea3n b\u00ean \u1ee7y nhi\u1ec7m gi\u00e1m s\u00e1t ho\u00e0n h\u1ea3o b\u00ean \u0111\u1ea1i di\u1ec7n v\u00e0 h\u1ee3p \u0111\u1ed3ng kh\u00f4ng \u0111\u1ea7y \u0111\u1ee7 khi\u1ebfn c\u1ea3 hai b\u00ean kh\u00f4ng th\u1ec3 x\u00e1c \u0111\u1ecbnh \u0111\u01b0\u1ee3c \u0111i\u1ec1u g\u00ec s\u1ebd x\u1ea3y ra. Do \u0111\u00f3, b\u00ean \u1ee7y nhi\u1ec7m kh\u00f4ng th\u1ec3 \u0111\u1ea3m b\u1ea3o r\u1eb1ng b\u00ean \u0111\u1ea1i di\u1ec7n lu\u00f4n ch\u1ecdn h\u00e0nh \u0111\u1ed9ng m\u00e0 h\u1ecd mong mu\u1ed1n.<\/p>\n

\n

\u201cAgency problem l\u00e0 t\u00ecnh hu\u1ed1ng xung \u0111\u1ed9t l\u1ee3i \u00edch v\u1ed1n c\u00f3 trong t\u1ea5t c\u1ea3 c\u00e1c m\u1ed1i quan h\u1ec7, trong \u0111\u00f3 b\u00ean \u0111\u01b0\u1ee3c \u1ee7y quy\u1ec1n kh\u00f4ng ho\u1ea1t \u0111\u1ed9ng v\u00ec l\u1ee3i \u00edch t\u1ed1t nh\u1ea5t c\u1ee7a b\u00ean \u1ee7y quy\u1ec1n\u201d.<\/strong><\/em><\/p>\n<\/blockquote>\n

S\u1ef1 kh\u00e1c nhau gi\u1eefa agent cost v\u00e0 agency problem l\u00e0 g\u00ec?<\/strong><\/span><\/h2>\n

Agent cost l\u00e0 chi ph\u00ed \u0111\u1ea1i di\u1ec7n, l\u00e0 chi ph\u00ed ph\u00e1t sinh do v\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n.<\/p>\n

Chi ph\u00ed \u0111\u1ea1i di\u1ec7n l\u00e0 chi ph\u00ed m\u00e0 b\u00ean \u1ee7y nhi\u1ec7m ph\u1ea3i ch\u1ecbu \u0111\u1ec3 gi\u1ea3m ho\u1eb7c lo\u1ea1i b\u1ecf v\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n. N\u00f3 nh\u01b0 m\u1ed9t \u0111\u1ed9ng c\u01a1 gi\u00fap cho b\u00ean \u0111\u1ea1i di\u1ec7n h\u00e0nh \u0111\u1ed9ng v\u00ec l\u1ee3i \u00edch t\u1ed1t nh\u1ea5t c\u1ee7a b\u00ean \u1ee7y nhi\u1ec7m c\u0169ng l\u00e0 c\u00e1ch gi\u00e1m s\u00e1t h\u00e0nh \u0111\u1ed9ng c\u1ee7a b\u00ean \u0111\u1ea1i di\u1ec7n \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o s\u1ef1 trung th\u1ef1c. N\u00f3i c\u00e1ch kh\u00e1c, agent cost \u0111\u01b0\u1ee3c xem l\u00e0 c\u00e1ch \u0111\u1ec3 ng\u0103n ch\u1eb7n c\u00e1c v\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n trong doanh nghi\u1ec7p.<\/p>\n

C\u00f3 ba lo\u1ea1i chi ph\u00ed \u0111\u1ea1i di\u1ec7n ch\u00ednh<\/strong><\/p>\n

\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Chi ph\u00ed x\u1ea3y ra do \u00e1p d\u1ee5ng c\u00e1c ph\u01b0\u01a1ng ph\u00e1p gi\u00e1m s\u00e1t h\u00e0nh \u0111\u1ed9ng c\u1ee7a ban l\u00e3nh \u0111\u1ea1o nh\u01b0 ph\u00ed s\u1eed d\u1ee5ng ki\u1ec3m to\u00e1n vi\u00ean \u0111\u1ed9c l\u1eadp;<\/p>\n

\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Chi ph\u00ed ph\u00e1t sinh do th\u00e0nh l\u1eadp c\u00e1c b\u1ed9 ph\u1eadn c\u1ee7a c\u00f4ng ty nh\u1eb1m h\u1ea1n ch\u1ebf ban l\u00e3nh \u0111\u1ea1o ph\u00e2n h\u00f3a l\u1ee3i \u00edch c\u1ee7a c\u1ed5 \u0111\u00f4ng;<\/p>\n

\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Chi ph\u00ed c\u01a1 h\u1ed9i x\u1ea3y ra khi c\u00e1c c\u1ed5 \u0111\u00f4ng m\u1ea5t th\u1eddi gian \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c s\u1ef1 \u0111\u1ed3ng thu\u1eadn tr\u01b0\u1edbc khi \u0111\u1ed3ng \u00fd cho ban l\u00e3nh \u0111\u1ea1o h\u00e0nh \u0111\u1ed9ng.<\/p>\n

C\u00e1c chi ph\u00ed \u0111\u1ea1i di\u1ec7n n\u00e0y \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng nh\u01b0 th\u1ebf n\u00e0o?<\/strong><\/span><\/h2>\n

\u0110\u1ec3 ng\u0103n ch\u1eb7n v\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n, \u0111i\u1ec1u \u0111\u1ea7u ti\u00ean l\u00e0 g\u1eafn li\u1ec1n l\u1ee3i \u00edch c\u1ee7a ban l\u00e3nh \u0111\u1ea1o v\u1edbi vi\u1ec7c t\u1ed1i \u0111a h\u00f3a t\u00e0i s\u1ea3n c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng ho\u1eb7c hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00f4ng ty. Ban l\u00e3nh \u0111\u1ea1o c\u00f4ng ty c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c trao m\u1ed9t s\u1ed1 c\u1ed5 ph\u1ea7n. Nh\u1edd \u0111\u00f3, ban l\u00e3nh \u0111\u1ea1o c\u0169ng s\u1ebd tr\u1edf th\u00e0nh c\u1ed5 \u0111\u00f4ng, khi \u0111\u00f3 nhu c\u1ea7u v\u00e0 l\u1ee3i \u00edch c\u1ee7a h\u1ecd tr\u1edf n\u00ean t\u1ec9 l\u1ec7 thu\u1eadn v\u1edbi c\u00e1c c\u1ed5 \u0111\u00f4ng kh\u00e1c.<\/p>\n

Ban l\u00e3nh \u0111\u1ea1o c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c cung c\u1ea5p quy\u1ec1n mua c\u1ed5 phi\u1ebfu v\u1edbi m\u1ee9c gi\u00e1 \u01b0u \u0111\u00e3i. \u0110i\u1ec1u n\u00e0y t\u1ea1o \u0111\u1ed9ng l\u1ef1c cho ban l\u00e3nh \u0111\u1ea1o quan t\u00e2m \u0111\u1ebfn vi\u1ec7c t\u1ed1i \u0111a h\u00f3a t\u00e0i s\u1ea3n c\u1ee7a c\u1ed5 \u0111\u00f4ng v\u00ec h\u1ecd s\u1ebd c\u00f3 th\u1ec3 thu l\u1ee3i t\u1eeb vi\u1ec7c n\u00e0y cho c\u00e1 nh\u00e2n b\u1eb1ng c\u00e1ch mua c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 cao v\u00e0o m\u1ed9t th\u1eddi \u0111i\u1ec3m n\u00e0o \u0111\u00f3 trong t\u01b0\u01a1ng lai v\u1edbi m\u1ee9c gi\u00e1 mua th\u1ea5p h\u01a1n.<\/p>\n

\u0110\u1ec3 g\u1eafn l\u1ee3i \u00edch c\u1ee7a ban l\u00e3nh \u0111\u1ea1o v\u1edbi k\u1ebft qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00f4ng ty, h\u1ecd c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 d\u1ef1a tr\u00ean kh\u1ea3 n\u0103ng \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ed9t s\u1ed1 bi\u1ec7n ph\u00e1p nh\u1ea5t \u0111\u1ecbnh nh\u01b0 EPS (l\u1ee3i nhu\u1eadn sau thu\u1ebf c\u1ee7a m\u1ed9t c\u1ed5 phi\u1ebfu). C\u1ed5 phi\u1ebfu hi\u1ec7u su\u1ea5t ho\u1eb7c th\u01b0\u1edfng ti\u1ec1n m\u1eb7t c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c trao cho ban l\u00e3nh \u0111\u1ea1o khi \u0111\u00e1p \u1ee9ng c\u00e1c bi\u1ec7n ph\u00e1p ho\u1ea1t \u0111\u1ed9ng c\u1ee5 th\u1ec3.<\/p>\n

C\u00e1c c\u00e1ch kh\u00e1c gi\u00fap gi\u1ea3m thi\u1ec3u v\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n trong doanh nghi\u1ec7p l\u00e0 \u00e1p l\u1ef1c m\u00e0 c\u1ed5 \u0111\u00f4ng \u0111\u1eb7t ra \u0111\u1ed1i v\u1edbi ban qu\u1ea3n l\u00fd v\u00e0 nh\u1eefng t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c s\u1ebd tr\u1edf th\u00e0nh hi\u1ec7n th\u1ef1c n\u1ebfu ban l\u00e3nh \u0111\u1ea1o kh\u00f4ng th\u1ec3 \u0111\u00e1p \u1ee9ng k\u1ef3 v\u1ecdng c\u1ee7a c\u1ed5 \u0111\u00f4ng.<\/p>\n

M\u1ed9t y\u1ebfu t\u1ed1 kh\u00e1c gi\u00fap gi\u1ea3m thi\u1ec3u v\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n trong c\u00e1c c\u00f4ng ty l\u00e0 m\u1ed1i \u0111e d\u1ecda ti\u1ebfp qu\u1ea3n b\u1edfi m\u1ed9t c\u00e1 nh\u00e2n, nh\u00f3m ho\u1eb7c c\u00f4ng ty tin r\u1eb1ng h\u1ecd c\u00f3 th\u1ec3 qu\u1ea3n l\u00fd t\u1ed1t h\u01a1n. \u0110i\u1ec1u n\u00e0y m\u1ed9t \u0111\u1ed9ng l\u1ef1c \u0111\u1ec3 ban l\u00e3nh \u0111\u1ea1o l\u00e0m vi\u1ec7c ch\u0103m ch\u1ec9 h\u01a1n trong vi\u1ec7c \u0111\u00e1p \u1ee9ng nhu c\u1ea7u c\u1ee7a c\u1ed5 \u0111\u00f4ng.<\/p>\n

C\u00e1c \u0111\u1ea1i di\u1ec7n c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng c\u00e1c th\u1ee7 t\u1ee5c v\u00e0 ph\u01b0\u01a1ng ph\u00e1p k\u1ebf to\u00e1n mang l\u1ea1i k\u1ebft qu\u1ea3 k\u1ebf to\u00e1n thu\u1eadn l\u1ee3i v\u00e0 c\u00f3 th\u1ec3 t\u1ed1i \u0111a h\u00f3a s\u1ef1 gi\u00e0u c\u00f3 c\u1ee7a ch\u00ednh h\u1ecd theo c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh khuy\u1ebfn kh\u00edch khen th\u01b0\u1edfng. Th\u00e0nh l\u1eadp \u1ee7y ban ki\u1ec3m to\u00e1n l\u00e0 m\u1ed9t c\u00e1ch \u0111\u1ec3 gi\u1ea3m thi\u1ec3u v\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n n\u00e0y khi c\u00e1c \u1ee7y ban ki\u1ec3m to\u00e1n hi\u1ec7u qu\u1ea3 n\u00e2ng cao ch\u1ea5t l\u01b0\u1ee3ng v\u00e0 uy t\u00edn c\u1ee7a b\u00e1o c\u00e1o t\u00e0i ch\u00ednh \u0111\u00e3 \u0111\u01b0\u1ee3c ki\u1ec3m to\u00e1n; h\u1ed7 tr\u1ee3 c\u00f4ng vi\u1ec7c c\u1ee7a ban gi\u00e1m \u0111\u1ed1c, ch\u1ecbu tr\u00e1ch nhi\u1ec7m b\u1ea3o v\u1ec7 v\u00e0 th\u00fac \u0111\u1ea9y l\u1ee3i \u00edch c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng.<\/p>\n

V\u1edbi s\u1ef1 gi\u1ea3i th\u00edch r\u00f5 r\u00e0ng tr\u00ean \u0111\u00e2y, hi v\u1ecdng b\u1ea1n \u0111\u00e3 hi\u1ec3u c\u01a1 b\u1ea3n agency problem l\u00e0 g\u00ec. \u0110\u1ec3 hi\u1ec3u ngh\u0129a c\u1ee7a c\u00e1c thu\u1eadt ng\u1eef kinh t\u1ebf kh\u00e1c, h\u00e3y truy c\u1eadp ngay v\u00e0o Masterskills nh\u00e9.<\/p>\n

Ti\u1ebfn Huy<\/strong><\/p>\n

<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Agency problem l\u00e0 g\u00ec? Agency problem l\u00e0 v\u1ea5n \u0111\u1ec1 \u0111\u1ea1i di\u1ec7n, \u0111\u1ec1 c\u1eadp \u0111\u1ebfn m\u00e2u thu\u1eabn x\u1ea3y ra khi ng\u01b0\u1eddi th\u1eeba h\u00e0nh (\u0111\u1ea1i di\u1ec7n) kh\u00f4ng l\u00e0m nh\u1eefng g\u00ec mang l\u1ea1i l\u1ee3i \u00edch t\u1ed1t nh\u1ea5t cho ng\u01b0\u1eddi \u1ee7y nhi\u1ec7m.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[429],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/21324"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=21324"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/21324\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=21324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=21324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=21324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}