Results 251 to 260 of about 2,093,874 (309)
SSRN Electronic Journal, 2011 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Culture, agency costs, and dividends [PDF]
Journal of Comparative Economics, 2010 This paper presents a culturally rooted agency explanation for differences in dividend payout policies around the world. We conjecture that the social normative nature of culture influences the character of agency relations and determines the acceptance and legitimacy of different dividend payout strategies across different countries.
: Jana P. Fidrmuc, Marcus Jacob
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Cost Recovery by Government Agencies [PDF]
SSRN Electronic Journal, 2002 The Commonwealth Government asked the Productivity Commisison to review cost recovery arrangements across the Government's regulatory,administrative and information agencies,and to develop guidelines for the future application of cost recovery.
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Debt, Agency Costs, and Industry Equilibrium
The Journal of Finance, 1991ABSTRACTWe show that risk characteristics of projects' cash flows are endogenously determined by the investment decisions of all firms in an industry. As a result, in reasonable settings, financial structures which create incentives to expropriate debtholders by increasing risk are shown not to reduce value in an industry equilibrium.
Maksimovic, Vojislav, Zechner, Josef
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2023
Abstract This chapter examines agency and costs. The law of agency will apply where a person (the agent) is authorised to act as the representative of another person (the principal), such that the agent has the authority to create legal relations between the principal and third parties.
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Abstract This chapter examines agency and costs. The law of agency will apply where a person (the agent) is authorised to act as the representative of another person (the principal), such that the agent has the authority to create legal relations between the principal and third parties.
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Measuring the Agency Cost of Debt
The Journal of Finance, 1992ABSTRACTWe adapt a contingent claims model of the firm to reflect the incentive effects of the capital structure and thereby to measure the agency costs of debt. An underlying model of the firm and the stochastic features of its product market are analyzed and an optimal operating policy is chosen.
Mello, Antonio S, Parsons, John E
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Journal of Financial Research, 2023
AbstractWe show that when large corporations are subject to a different tax system than smaller firms, the agency cost of under‐ and overinvestment is significantly altered. In contrast to the findings in the literature, the gap between the first‐ and second‐best investment trigger prices do not move in lockstep with variations in the corporate tax ...
Diogo Duarte +3 more
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AbstractWe show that when large corporations are subject to a different tax system than smaller firms, the agency cost of under‐ and overinvestment is significantly altered. In contrast to the findings in the literature, the gap between the first‐ and second‐best investment trigger prices do not move in lockstep with variations in the corporate tax ...
Diogo Duarte +3 more
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Capital Structure and Agency Costs
International Journal of Research and Innovation in Social Science, 2023Capital structure and agency cost. Objectives: The study empirically investigates the relationship between capital structure and agency cost of non-financial firms. Prior Work: This extended and build on the studies of Hajis said (2020) and Omuemu and Olowe (2020); Kumar (2017); Awan and Amin (2014); Jaelani (2017) and Zakaria (2016) that also research
ADOGBEJI Gborogen, Ohidoa Toluwa
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