Theory Of The Firm Managerial Behavior Agency Costs And Ownership Structure

Page 3 of 50 - About 500 Essays
  • Premium Essay

    Aaabbccdd

    Executive Compensation as an Agency Problem Lucian Arye Bebchuk and Jesse M. Fried E xecutive compensation has long attracted a great deal of attention from financial economists. Indeed, the increase in academic papers on the subject of CEO compensation during the 1990s seems to have outpaced even the remarkable increase in CEO pay itself during this period (Murphy, 1999). Much research has focused on how executive compensation schemes can help alleviate the agency problem in publicly traded

    Words: 17317 - Pages: 70

  • Premium Essay

    Miss

    between dividends and the ownership and control structure of the firm. For a panel of Austrian firms over the 1991/99 period, we find that statecontrolled firms engage in dividend smoothing, while family-controlled firms do not. The latter choose significantly lower target payout levels. Consistently, state-controlled firms are most reluctant and family-controlled firms are least reluctant to cut dividends when cuts are warranted. The dividend behavior of bank- and foreign-controlled firms lies in between stateand

    Words: 13500 - Pages: 54

  • Premium Essay

    Journal of Finance

    Afr.J.Bus.Manage.2011,42(3) 17 Agency costs, corporate governance mechanisms and performance of public listed family firms in Malaysia H. Ibrahim* School of Management, Universiti Sains Malaysia, 11800 USM, Penang, Malaysia haslindar@usm.my F.A. Samad Faculty of Business and Accountancy, University of Malaya, 50603 Kuala Lumpur, Malaysia mfazilah@um.edu.my Received June 2009 We compare corporate governance and performance between family and non-family ownership of public listed companies in Malaysia

    Words: 6522 - Pages: 27

  • Premium Essay

    Coba Tebak Apaa

    went bankrupt. (Emery, D., Finnerty, J. and Stowe, J., 2007) AGENCY COSTS Monitoring, constraints, incentives, and punishments are designed to push agents to act in the principal’s best interests, but they are costly. The costs of doing these things are called agency costs. Agency costs are the extra costs of having an agent act for a principal, those in excess of what it would cost the principals to “do it themselves.” These costs are like friction in a machine – the more there is, the less efficient

    Words: 700 - Pages: 3

  • Premium Essay

    Business

    Agency Problems and the Theory of the Firm Author(s): Eugene F. Fama Reviewed work(s): Source: Journal of Political Economy, Vol. 88, No. 2 (Apr., 1980), pp. 288-307 Published by: The University of Chicago Press Stable URL: http://www.jstor.org/stable/1837292 . Accessed: 17/10/2012 15:40 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps

    Words: 9096 - Pages: 37

  • Free Essay

    Agency Cost

    Agency costs in corporate governance The information asymmetry that exists between shareholders and the Chief Executive Officer is generally considered to be a classic example of a principal–agent problem. The agent (the manager) is working on behalf of the principal (the shareholders), who does not observe the actions, or many of the actions, or is not aware of the repercussions of many of the actions of the agent. Most importantly, even if there was no asymmetric information, the design of the

    Words: 713 - Pages: 3

  • Premium Essay

    William Wrigley Jr. Company: Capital Structure

    The William Wrigley Jr. Company: Captial Structure, Valuation, and the Cost of Capital Thomas A. Dotter University of the Incarnate Word Introduction In the case study, “The William Wrigley Jr. Company: Captial Structure, Valuation, and the Cost of Capital” the author, Robert Bruner, examines how Blanka Dobrynin, managing partner at Aurora Borealis, explores the opportunity to persuade Wrigley’s board to complete a leveraged recapitalization through a dividend or major share repurchase

    Words: 1213 - Pages: 5

  • Premium Essay

    Economic Concepts

    ------------------------------------------------- Top of Form  Powered by JRank Bottom of Form Reference for Business Encyclopedia of Business, 2nd ed. Reference for Business » Encyclopedia of Business, 2nd ed. » Man-Mix » Managerial Economics MANAGERIAL ECONOMICS Ads by Google 1 year diploma courses - Info on Courses, Scholarships & Admissions from IDP Experts. -india.idp.com/18001022233  SWOT Analysis Tool - Get a free 30 day trial of Mindjet the leading Mindmapping Tool! -www

    Words: 7613 - Pages: 31

  • Premium Essay

    Taxonomy Assignment

    Finance Theories Taxonomy 1 Finance Theories Taxonomy 2 Finance Theories Taxonomy This document presents a taxonomy of selected finance theories developed in past 5 decades by academics, practitioners and scholars in the United States, Europe, Asia and Latin America. A total of 14 theories and models are synthesized in this work, organized in five tables with the same structure: Theories of capital structure; capital budgeting and cost of equity; asset valuation, financial behavior

    Words: 5057 - Pages: 21

  • Premium Essay

    Rmg Sector Safe Working Environment

    1007/s10551-008-9968-9 Ó Springer 2008 Determinants of Corporate Social Responsibility Disclosure Ratings by Spanish Listed Firms Carmelo Reverte ABSTRACT. The aim of this paper is to analyze whether a number of firm and industry characteristics, as well as media exposure, are potential determinants of corporate social responsibility (CSR) disclosure practices by Spanish listed firms. Empirical studies have shown that CSR disclosure activism varies across companies, industries, and time (Gray et al

    Words: 9772 - Pages: 40

Page   1 2 3 4 5 6 7 8 9 50