INVESTIGATION THE EFFECT OF MANAGERIAL AND OWNERSHIP STRUCTURES OF CORPORATE GOVERNANCE ON AGENCY COSTS

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

BADAVAR NAHANDI YOUNES; BARADARAN HASANZADEH RASOUL; SHARIFZADEH GHAFOUR

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: FINANCIAL ACCOUNTING Year:2015 | Volume:6 | Issue:24 Page(s): 143-169

Download Full-Text

Persian Verion

View:

672

Download:

Cites:

Information Journal Paper

Title

INVESTIGATION THE EFFECT OF MANAGERIAL AND OWNERSHIP STRUCTURES OF CORPORATE GOVERNANCE ON AGENCY COSTS

Author(s)

BADAVAR NAHANDI YOUNES | BARADARAN HASANZADEH RASOUL | SHARIFZADEH GHAFOUR | Issue Writer Certificate

Keywords

MANAGERIAL STRUCTURESQ2

OWNERSHIP STRUCTURESQ2

CORPORATE GOVERNANCEQ2

AGENCY COSTSQ2

Abstract

The main purpose of formulating and implementing of the CORPORATE GOVERNANCE principles is to create confidence among financial market activists and to encourage the managers to take steps in the interest of the corporate rather than pursuing their personal interests. So it can be expected that formulating and implementing the mentioned principles would increase the confidence of the owners and other interest groups and ultimately reduces the agencies and supervising costs. The more coordinated and favorable the ownership and management structures,it lead to create value to the company in several ways in which the most important one is the reduction of the conflict of interest between the managers and the owners, and improving these measures would reduce the agencies costs. This research has been done in order to determine the direction and the amount of the influence of each of managerial and OWNERSHIP STRUCTURES of CORPORATE GOVERNANCE over the AGENCY COSTS. The research method is cause - effect and it is applicable objectively according to the function of the results in the capital market. The test method is multi-variables regression by useing panel data and the mean comparison test has been used to investigate the variable of the separation of CEO post from the chairman of the board’s. In total, the results obtained from analysis of data from 124 companies listed in Tehran Stock Exchange during 2006-2013 indicate that the separation of the CEO from chairman of the board has the opposite effect on AGENCY COSTS. The percentage of free float stocks affects the AGENCY COSTS directly. Board independence, board size, government ownership, board ownership and institutional ownership have no impact on agency cost. The company's size and financial leverage are the controlled variables of the research.

Cites

No record.

References

No record.

Cite

APA: Copy

BADAVAR NAHANDI, YOUNES, BARADARAN HASANZADEH, RASOUL, & SHARIFZADEH, GHAFOUR. (2015). INVESTIGATION THE EFFECT OF MANAGERIAL AND OWNERSHIP STRUCTURES OF CORPORATE GOVERNANCE ON AGENCY COSTS. FINANCIAL ACCOUNTING, 6(24), 143-169. SID. https://sid.ir/paper/168207/en

Vancouver: Copy

BADAVAR NAHANDI YOUNES, BARADARAN HASANZADEH RASOUL, SHARIFZADEH GHAFOUR. INVESTIGATION THE EFFECT OF MANAGERIAL AND OWNERSHIP STRUCTURES OF CORPORATE GOVERNANCE ON AGENCY COSTS. FINANCIAL ACCOUNTING[Internet]. 2015;6(24):143-169. Available from: https://sid.ir/paper/168207/en

IEEE: Copy

YOUNES BADAVAR NAHANDI, RASOUL BARADARAN HASANZADEH, and GHAFOUR SHARIFZADEH, “INVESTIGATION THE EFFECT OF MANAGERIAL AND OWNERSHIP STRUCTURES OF CORPORATE GOVERNANCE ON AGENCY COSTS,” FINANCIAL ACCOUNTING, vol. 6, no. 24, pp. 143–169, 2015, [Online]. Available: https://sid.ir/paper/168207/en

Related Journal Papers