Monitoring and managerial discretion effects on agency costs: Evidence from an emerging economy
We analyzed the effect of managerial ownership, leverage, and managerial discretion on the agency costs of 14,719 Chilean companies. The results of the instrumental variables (IV) regressions indicate that managerial ownership and capital structure have a negative and non linear effect on agency cos...
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| Hlavní autoři: | , , , |
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| Médium: | Artigo |
| Jazyk: | Inglês |
| Vydáno: |
Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)
2021-05-01
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| Edice: | BAR: Brazilian Administration Review |
| Témata: | |
| On-line přístup: | https://bar.anpad.org.br/index.php/bar/article/view/511 |
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