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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Detalhes bibliográficos

Publicado no:	BAR - Brazilian Administration Review
Principais autores:	Jorge Andrés Muñoz Mendoza, Sandra María Sepúlveda Yelpo, Carmen Lissette Veloso Ramos, Carlos Leandro Delgado Fuentealba
Formato:	Artigo
Idioma:	Inglês
Publicado em:	Associação Nacional de Pós-Graduação e Pesquisa em Administração 2021
Assuntos:	Administración y Contabilidad
Acesso em linha:	https://www.redalyc.org/articulo.oa?id=84168225002 https://www.redalyc.org/journal/841/84168225002/ https://www.redalyc.org/journal/841/84168225002/html/ https://www.redalyc.org/journal/841/84168225002/84168225002.epub https://www.redalyc.org/journal/841/84168225002/movil
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