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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Publicado en:BAR - Brazilian Administration Review
Autores principales: Jorge Andrés Muñoz Mendoza, Sandra María Sepúlveda Yelpo, Carmen Lissette Veloso Ramos, Carlos Leandro Delgado Fuentealba
Formato: Artigo
Lenguaje:Inglês
Publicado: Associação Nacional de Pós-Graduação e Pesquisa em Administração 2021
Materias:
Administración y Contabilidad
monitoring
Agency costs
growth opportunities
managerial discretion
Acceso en línea:https://www.redalyc.org/articulo.oa?id=84168225002
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