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Prethodno priopćenje
https://doi.org/10.18045/zbefri.2021.1.199

The relationship between corporate governance characteristics and agency costs

Mahdi Salehi   ORCID icon orcid.org/0000-0003-2698-9817 ; Ferdowsi University of Mashhad, Mashhad, Iran
Mohammad Sadegh Adibian ; University of Mashhad, Mashhad, Iran.
Zakiyeh Sadatifar ; Accounting Imamreza International University of Mashhad, Mashhad, Iran.
Ehsan Khansalar ; Accounting, Kingston University London, London, the UK

Puni tekst: engleski, pdf (741 KB) str. 199-220 preuzimanja: 89* citiraj
APA 6th Edition
Salehi, M., Sadegh Adibian, M., Sadatifar, Z. i Khansalar, E. (2021). The relationship between corporate governance characteristics and agency costs. Zbornik radova Ekonomskog fakulteta u Rijeci, 39 (1), 199-220. https://doi.org/10.18045/zbefri.2021.1.199
MLA 8th Edition
Salehi, Mahdi, et al. "The relationship between corporate governance characteristics and agency costs." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 39, br. 1, 2021, str. 199-220. https://doi.org/10.18045/zbefri.2021.1.199. Citirano 03.12.2021.
Chicago 17th Edition
Salehi, Mahdi, Mohammad Sadegh Adibian, Zakiyeh Sadatifar i Ehsan Khansalar. "The relationship between corporate governance characteristics and agency costs." Zbornik radova Ekonomskog fakulteta u Rijeci 39, br. 1 (2021): 199-220. https://doi.org/10.18045/zbefri.2021.1.199
Harvard
Salehi, M., et al. (2021). 'The relationship between corporate governance characteristics and agency costs', Zbornik radova Ekonomskog fakulteta u Rijeci, 39(1), str. 199-220. https://doi.org/10.18045/zbefri.2021.1.199
Vancouver
Salehi M, Sadegh Adibian M, Sadatifar Z, Khansalar E. The relationship between corporate governance characteristics and agency costs. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2021 [pristupljeno 03.12.2021.];39(1):199-220. https://doi.org/10.18045/zbefri.2021.1.199
IEEE
M. Salehi, M. Sadegh Adibian, Z. Sadatifar i E. Khansalar, "The relationship between corporate governance characteristics and agency costs", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.39, br. 1, str. 199-220, 2021. [Online]. https://doi.org/10.18045/zbefri.2021.1.199

Sažetak
The present study aims to evaluate the contributing factors to agency costs in Iran. In this regard, 112 companies were studied over 2010 - 2016. Since the model is dynamic and the dependent variable suffers from a lag, the generalized method of moments is employed to free the independent variables and the disruptive component. The findings indicate a significant lag in the dependent variable of all three models. An audit committee’s presence significantly affects the decline of agency costs in all three models. Moreover, results suggest that family companies and the state shareholders of all three models have no significant impact on the agency costs. The existence of financial leverage matching with all three models causes the decline of agency costs. In terms of assets, Larger companies based on the three models have more agency costs as well.

Ključne riječi
agency costs; dynamic panel; generalized method of moments; factor analysis; and audit committee

Hrčak ID: 259601

URI
https://hrcak.srce.hr/259601

[hrvatski]

Posjeta: 190 *