The Agency Problem, Corporate Governance,and the Asymmetrical Behavior of Selling, General, andAdministrative Costs*CLARA XIAOLING CHEN, University of Illinois at Urbana-ChampaignHAI LU, University of TorontoTHEODORE SOUGIANNIS, University of Illinois at Urbana-Champaign1. IntroductionSelling, general, and...
In this chapter, the principal–agent problem is addressed. The agency problem is explained along with real cases used as examples that have been analytically described. The different types of the principal–agent problems are presented and analyzed, along with ways of mitigating the problem.#Key ...
agency costs, corporate governance mechanisms and ownership.pdf,AUTHORS PERSONAL COPY The Quarterly Review of Economics and Finance 49 (2009) 139–158 Agency costs, corporate governance mechanisms and ownership structure in large UK publicly quoted compa
in model parameters is necessary to resolve the uncertain nature of the agency problem in corporate governance. In addition, the modelling studies of monitoring CEOs by the board,using empirical data, to resolve the agency problem in a more quantitative form are not well-known in the current ...
governanceexternalauditoragencyproblemriskownership structuresdisclosureprincipalThis paper not only recommends means whereby principal-agent problems could be addressed, but also considers various ways in which the external auditor and audit committees contribute as corporate governance tools. The impact of ...
The purpose of this book is to study corporate finance law from the perspective of the firm. As discussed earlier in this book, there is always a risk that the firm’s agents will not act in the interests of the firm. The management of agency relationshi
Purpose – The effect of corporate governance on firm performance has long been of great interest to financiers, economists, behavioural scientists, legal practitioners and business operators. Yet there is no consensus over what constitutes an effective corporate governance mechanism that induces agents or...
Based on internal governance mechanisms, we find the agent heterogeneity were not as decisive factors in both control power arrangements and management incentive contract researching field. Because of the fundamental role of agency problem in corporation governance,it may cause inconsistent in research ...
The economy is an essential factor in constructing a resilient city, and listed companies play a vital role in the local economy. From the microbehavior of corporate governance, we examine the relati...
This interlock problem in the Shariah network has not been examined in depth by existing literature (Zainuldin and Lui, 2018). The gaps identified in this study allow us to explore further, as the main objectives of this study are to examine: (i) the level of EM between Islamic and ...