Nejadmalayeri."Internationalization, Capital Structure and Cost of Capital:Evidence From French Corporations". Journal of Multinational Financial Management . ... M Singh,A Nejadmalayeri - 《Journal of Multinational Financial Management》 被引量: 123发表: 2004年 Interaction of the Debt Agency Problem...
With less than 100 per cent ownership, managers can shift part of the cost associated with decisions made in their own interest. Clearly these conditions are common in major corporations of the world where global markets require raising large amounts of capital for the research...
An agency cost is a type of internal company expense, which comes from the actions of an agent acting on behalf of aprincipal. Agency costs typically arise in the wake of core inefficiencies, dissatisfactions, and disruptions, such asconflicts of interestbetween shareholders and management. The p...
Agency cost of equity refers to the conflict of interest that arises between management and shareholders. When management makes decisions that might not be in the best interest of the firm and that shareholders view as an action that will not increase the value of their shares, an agency cost ...
the most popular theories concerning investment activities are financial constraint and agency cost which are based on Q model.Nevertheless,the measurement bias of Tobin's Q and the variation of grouping criteria would lead to disagreement in the empirical results.Other previous studies which estimate ...
We investigate the impact of founding family ownership structure on the agency cost of debt. We find that founding family ownership is common in large, pub... Ronald C. Anderson and Sattar A. Mansi and David M. Reeb - 《Journal of Financial Economics》 被引量: 2293发表: 2003年 Agency c...
We provide measures of absolute and relative equity agency costs for corporations under different ownership and management structures. Our base case is Jensen and Meckling's (1976) zero agency‐cost firm, where the manager is the firm's sole shareholder. We utilize a sample of 1,708 small corp...
Consistent with the agency costs of free cash flow, management did not pay out the excess resources to shareholders. Instead, the industry continued to spend heavily on ED activity even though average returns were below the cost of capital. Oil industry managers also launched diversification ...
Agency Costs of Free Cash Flow, Dividend Policy, and Leverage of Firms in Indonesia The objectives of the study are to examine how firms in Indonesia, with substantial free cash flow, control agency cost of free cash flows, and test the effect of agency costs on dividend and leverage. It ...
Capital Structure and Investment Behaviour of Malaysian Firms in the 1990s: a study of corporate governance before the crisis Foreign ownership also contributed to a reduction in the agency cost of equity financing in financial liberalisation. Finally, high dependency on debt led ... M Suto - 《...