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Negative Agency Costs [PDF]

open access: possibleSSRN Electronic Journal, 2011
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Culture, agency costs, and dividends [PDF]

open access: possibleJournal 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]

open access: possibleSSRN 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, 1991
ABSTRACTWe 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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