Do Agency Costs Really Matter? A Non-Linear Approach to Panel Data

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Publisher :
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Do Agency Costs Really Matter? A Non-Linear Approach to Panel Data by : Fitriya Fauzi

Download or read book Do Agency Costs Really Matter? A Non-Linear Approach to Panel Data written by Fitriya Fauzi and published by . This book was released on 2018 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the relationship between agency cost, ownership structure and corporate governance mechanisms. Though previous studies of agency problems, corporate governance mechanisms or ownership variables suffer from endogeneity, with respect to the corporate governance it is unclear as to which variables are endogenous and which are exogenous. This study, using the Durbin-Wu-Hausman test for endogeneity, confirms noendogeneity issues should be addressed. Furthermore, addressing the issue of non-linearity, this study confirms that the relationship between agency costs, ownership structures and corporate governance mechanisms are non-linear. Using a balanced panel of 79 New Zealand-listed firms, this study employs a non-linear panel data method using Tobit. Apart from block-holders' ownership, leverage, dividend, non-executive directors and audit committees, managerial ownership, the number of the board size, nomination and remuneration of the committee have significant impact in reducing the agency costs in the context of New Zealand-listed firms. Overall, it can be concluded that corporate governance mechanisms and ownership structures are vital in mitigating agency costs in the New Zealand context.

Corporate Resilience

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Publisher : Emerald Group Publishing
ISBN 13 : 1837537844
Total Pages : 213 pages
Book Rating : 4.8/5 (375 download)

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Book Synopsis Corporate Resilience by : Shahla Seifi

Download or read book Corporate Resilience written by Shahla Seifi and published by Emerald Group Publishing. This book was released on 2023-09-13 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by experts, the chapters collected here address various issues such as climate change and the pandemic, suggesting ways in which future crises can be managed successfully and sharing best practice from what we have learned from recent crises.

Agency Costs, Financial Deregulation, and Corporate Investment

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ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (61 download)

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Book Synopsis Agency Costs, Financial Deregulation, and Corporate Investment by : Sten Hansen

Download or read book Agency Costs, Financial Deregulation, and Corporate Investment written by Sten Hansen and published by . This book was released on 1997 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Empirical Investigation of Agency Costs and Ownership Structure in Unlisted Small Businesses

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ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis An Empirical Investigation of Agency Costs and Ownership Structure in Unlisted Small Businesses by : Nirosha Hewa Wellalage

Download or read book An Empirical Investigation of Agency Costs and Ownership Structure in Unlisted Small Businesses written by Nirosha Hewa Wellalage and published by . This book was released on 2018 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study uses panel data to investigate agency costs, both principal-agent (PA) and principal-principal (PP), in 240 small businesses not listed on the New Zealand Stock Exchange. Results show that both forms of agency cost vary according to industry, the life of the business and size. The results indicate that the degree of owner involvement in the business influencesfirm PA and PP agency costs. Moreover, this study finds nonlinear relationship between agency costs and ownership structure align with convergence of interest hypothesis and managerialentrenchment hypothesis. It is noted that the distortion between equity returns and debt returns gives rise to a preference for quasiequity and distorts the productive base and effective pricing ofrisk. The analysis indicates there is considerable variability in the burden of agency cost and that this raises the potential for regulatory and policy reforms that may enhance the productivity and growth in the sector.

Executive Compensation and Shareholder Value

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Publisher : Springer Science & Business Media
ISBN 13 : 1475751923
Total Pages : 159 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Executive Compensation and Shareholder Value by : Jennifer Carpenter

Download or read book Executive Compensation and Shareholder Value written by Jennifer Carpenter and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Executive compensation has gained widespread public attention in recent years, with the pay of top U.S. executives reaching unprecedented levels compared either with past levels, with the remuneration of top executives in other countries, or with the wages and salaries of typical employees. The extraordinary levels of executive compensation have been achieved at a time when U.S. public companies have realized substantial gains in stock market value. Many have cited this as evidence that U.S. executive compensation works well, rewarding managers who make difficult decisions that lead to higher shareholder values, while others have argued that the overly generous salaries and benefits bear little relation to company performance. Recent conceptual and empirical research permits for the first time a truly rigorous debate on these and related issues, which is the subject of this volume.

Journal of the National Cancer Institute

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Publisher :
ISBN 13 :
Total Pages : 1066 pages
Book Rating : 4.:/5 (334 download)

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Book Synopsis Journal of the National Cancer Institute by :

Download or read book Journal of the National Cancer Institute written by and published by . This book was released on 2009-07 with total page 1066 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investment, Growth and Employment

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Publisher : Routledge
ISBN 13 : 113464180X
Total Pages : 230 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis Investment, Growth and Employment by : Ciaran Driver

Download or read book Investment, Growth and Employment written by Ciaran Driver and published by Routledge. This book was released on 2005-08-10 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents studies to explain international investment behaviour and assess its impact on growth and jobs. The authors also examine policy measures to reverse the climate of low investment that has characterised recent years

Empirical Asset Pricing

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Publisher : MIT Press
ISBN 13 : 0262039370
Total Pages : 497 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Empirical Asset Pricing by : Wayne Ferson

Download or read book Empirical Asset Pricing written by Wayne Ferson and published by MIT Press. This book was released on 2019-03-12 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to the theory and methods of empirical asset pricing, integrating classical foundations with recent developments. This book offers a comprehensive advanced introduction to asset pricing, the study of models for the prices and returns of various securities. The focus is empirical, emphasizing how the models relate to the data. The book offers a uniquely integrated treatment, combining classical foundations with more recent developments in the literature and relating some of the material to applications in investment management. It covers the theory of empirical asset pricing, the main empirical methods, and a range of applied topics. The book introduces the theory of empirical asset pricing through three main paradigms: mean variance analysis, stochastic discount factors, and beta pricing models. It describes empirical methods, beginning with the generalized method of moments (GMM) and viewing other methods as special cases of GMM; offers a comprehensive review of fund performance evaluation; and presents selected applied topics, including a substantial chapter on predictability in asset markets that covers predicting the level of returns, volatility and higher moments, and predicting cross-sectional differences in returns. Other chapters cover production-based asset pricing, long-run risk models, the Campbell-Shiller approximation, the debate on covariance versus characteristics, and the relation of volatility to the cross-section of stock returns. An extensive reference section captures the current state of the field. The book is intended for use by graduate students in finance and economics; it can also serve as a reference for professionals.

Corporate Governance and Strategic Decision Making

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Publisher : BoD – Books on Demand
ISBN 13 : 9535135538
Total Pages : 228 pages
Book Rating : 4.5/5 (351 download)

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Book Synopsis Corporate Governance and Strategic Decision Making by : Lawrence Emeagwali

Download or read book Corporate Governance and Strategic Decision Making written by Lawrence Emeagwali and published by BoD – Books on Demand. This book was released on 2017-09-20 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume aims to intimate and orient readers on the current state of corporate governance and strategic decision making a decade after the global financial crises. In particular, it sheds more light on the current state of affairs of corporate governance mechanisms, codes, and their enforcement as well as novel issues arising. The ten constituent chapters contained herein are authored by seasoned academics with research interests in the areas of corporate governance, strategic management, and sustainable management practices. It provides up-to-date theoretical and empirical evidence of such corporate governance issues as corporate governance codes, corporate fraud, quality of earnings, strategic decision making, corporate social responsibility, sustainable management, and sustainable growth strategies. Irrespective of the diverse nature and span of the topics included, this edited volume is divided into three sections and structured to read as a unit.

Project Independence Blueprint

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Publisher :
ISBN 13 :
Total Pages : 804 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Project Independence Blueprint by : United States. Federal Energy Administration

Download or read book Project Independence Blueprint written by United States. Federal Energy Administration and published by . This book was released on 1974 with total page 804 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Project Independence? The sources and uses of energy in the United States have changed dramatically in the last several decades. As a result, in just one generation, we have shifted from a position of domestic energy abundance to a substantial and continually growing reliance on foreign energy sources. Project Independence is a wide-ranging program to evaluate this growing dependence on foreign sources of energy, and to develop positive programs to reduce our vulnerability to future oil cut-offs and price increases.

Project Independence

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ISBN 13 :
Total Pages : 822 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Project Independence by : United States. Federal Energy Administration

Download or read book Project Independence written by United States. Federal Energy Administration and published by . This book was released on 1974 with total page 822 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Project Independence: Philadelphia, Pennsylvania, Sept. 30-Oct. 4, 1974

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ISBN 13 :
Total Pages : 812 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Project Independence: Philadelphia, Pennsylvania, Sept. 30-Oct. 4, 1974 by :

Download or read book Project Independence: Philadelphia, Pennsylvania, Sept. 30-Oct. 4, 1974 written by and published by . This book was released on 1974 with total page 812 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Scientific and Technical Aerospace Reports

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Publisher :
ISBN 13 :
Total Pages : 384 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Scientific and Technical Aerospace Reports by :

Download or read book Scientific and Technical Aerospace Reports written by and published by . This book was released on 1993 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Maturity Structure of Debt

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Maturity Structure of Debt by : Fabio Schiantarelli

Download or read book The Maturity Structure of Debt written by Fabio Schiantarelli and published by World Bank Publications. This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Government-sponsored Research on Foreign Affairs

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Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Government-sponsored Research on Foreign Affairs by :

Download or read book Government-sponsored Research on Foreign Affairs written by and published by . This book was released on 1978 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Urban Transportation Abstracts

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Publisher :
ISBN 13 :
Total Pages : 534 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Urban Transportation Abstracts by :

Download or read book Urban Transportation Abstracts written by and published by . This book was released on 1983 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Panel Data Econometrics

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Publisher : Academic Press
ISBN 13 : 0128144319
Total Pages : 432 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Panel Data Econometrics by : Mike Tsionas

Download or read book Panel Data Econometrics written by Mike Tsionas and published by Academic Press. This book was released on 2019-06-19 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Panel Data Econometrics: Theory introduces econometric modelling. Written by experts from diverse disciplines, the volume uses longitudinal datasets to illuminate applications for a variety of fields, such as banking, financial markets, tourism and transportation, auctions, and experimental economics. Contributors emphasize techniques and applications, and they accompany their explanations with case studies, empirical exercises and supplementary code in R. They also address panel data analysis in the context of productivity and efficiency analysis, where some of the most interesting applications and advancements have recently been made. Provides a vast array of empirical applications useful to practitioners from different application environments Accompanied by extensive case studies and empirical exercises Includes empirical chapters accompanied by supplementary code in R, helping researchers replicate findings Represents an accessible resource for diverse industries, including health, transportation, tourism, economic growth, and banking, where researchers are not always econometrics experts