Results 211 to 220 of about 179,553 (264)
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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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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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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Wealth effects and agency costs
Games and Economic Behavior, 2014zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Hector Chade, Virginia N. Vera de Serio
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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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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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Costs of agency index: the need to measure agency costs
2020This study aims to make known the need to create an indicator that can measure the agency costs resulting from agency conflicts set out in the agency's theory. The increasing complexity of the management of organizations, coupled with increased dimensions and geographical coverage, most often their scope is reflected on a global scale, leads to the ...
Quaresma, Ana, Ribeiro, Sandra
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Agency costs and investment behavior [PDF]
, 2005 How do differences in the creit channel affect investment behavior in the U.S. and the Euro area? To analyze this question, we calibrate an agency cost model of business cycles. We focus on two key components of the lending channel, the default premium associated with bank loans and bankruptcy rates, to identify the differences in the U.S. and European
Dorofeenko, Viktor +2 more
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