Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 50 for “"Agency Problems"”.
-
LBO's, reverse LBO's, and the reduction of agency problems
… Buyout) process is a mechanism to decrease agency problems and improve efficiency in firms where managers' interests are not properly aligned with those of the corporation. Characteristics of LBOs such as high levels of financial leverage and management ownership of equity are thought to …
-
Mitigating secondary agency problems: examining the impact of share option compensation for non-executive directors on CEO pay incentives and earnings management
… the study focuses on two of the biggest agency problems in South Africa: design of CEO compensation and levels of earnings management. The study is based on a sample of 110 non–financial companies (55 in the treatment group and 55 in the control group) listed on the Johannesburg Stock …
-
Does CEO Duality Matter: An Integrative Approach
… This dissertation first examines whether agency control mechanisms, agency problems, and other firm characteristics are related to the observed choice of one or two individuals in the two positions. The empirical research is based on the hypothesis that having the positions split between …
-
The agency problem and New Zealand's listed property sector : A dissertation submitted in partial fulfilment of the requirements of the degree of Master of Property Studies at Lincoln University
… vehicles (LPVs) are characterised by significant agency conflicts. A review of the agency literature identified four generic agency problems (effort; horizon; differential risk preference & asset use) while the real estate literature revealed other agency issues specific to real estate assets and …
-
Essays in financial economics
… favored firms. The third essay is entitled "Do Agency Problems Affect Dividend Policy? Firm-Level Evidence from Around the World." The "outcome" agency model of dividends (La Porta, Lopez-de-Si lanes, Shleifer, and Vishny (LLSV (2000)) yields two key empirical predictions. First, dividend …
-
Life Cycle, Divestment and Corporate Governance
… are found. Young firms have lower agency problems and older firms have higher agency problems. The research builds a detailed picture of share price performance for different life cycle stages, finding that the market takes a more positive view of divestitures across the life cycle …
-
The impact of the global financial crisis and institutional settings on corporate financial decisions.
… channels. The credit recession causes more agency costs, bankruptcy costs and information asymmetry, which adversely influence both borrowing and investments. Firms reduce debt financing, retain more cash and cut corporate payouts due to a sharp rise in uncertainty. Moreover, the role of …
-
The Role of Portfolio Disclosures in the Mutual Fund Industry
… the role of portfolio disclosures in mitigating agency problems in delegated asset management by affecting managers' and investors' investment decisions.
-
The effects of accumulated wealth and corporate governance quality on nonprofit performance
… to weaker monitoring mechanisms and greater agency problems. Despite the size of the nonprofit sector (5.5% of GDP and 9% of employment), the impact of governance in organizations with accumulated wealth has not been studied much. Using recent data on governance practices at nonprofits …
-
The Viability of Profit-Loss Sharing Models to Finance Small and Medium Enterprises: The Case of Saudi Arabia
… profit-loss sharing that increase incidence of agency problems for such institutions. High asymmetry of information and the nature of Islamic banks as depository institutions place more constraints on extending finance on the basis of profit-loss sharing. Profit-loss sharing dominates the …
-
Essays on firms, banks and Access to finance
… in their ability to extend credit due to severe agency problems. Chapter 3 analyzes changes in firm ownership structure that may be caused by the level and ease of obtaining outside financing.
-
Determinants of labor union members' satisfaction with their unions
… procedures do help to solve union members' agency problems and thus increase their satisfaction with their unions.
-
Essays on Executive Compensation and Managerial Entrenchment.
… success of governance regulations in mitigating agency problems. Small and more independent boards are associated with higher likelihood of CEO exit. Takeovers act as external force of discipline and increase the probability of turnover for poor performing CEOs by 129%. These results contribute …
-
Landlord-Tenant Matching System: A Design Science Framework
… research done in the field of principal-agency problems to understand information asymmetry and its impact on the relationship and feedback intermediaries as a method of injecting trust. By utilizing a design science approach, this thesis designs a methodological framework that utilizes …
-
The Determinants and Consequences of CEO Cheap Stock in IPOs
… levels of cheap stock are an indication of agency problems, which in turn, adversely affect shareholder value.</p>
-
Governance Choices During Speculative Exuberance
… governance has taken an efficiency-oriented agency perspective where governance structures are chosen as efficient contracts that minimize both potential agency costs and the costs associated with the use of internal control mechanisms. Because both financial markets and contracts are assumed …
-
Analyzing frequent acquires in emerging markets and futures markets linkage
… countries. These findings are consistent with agency problems and the hubris hypothesis, first introduced by Roll (1986). The second chapter examines the information links across futures markets in different nations, using Vector Autoregressive (VAR)-Dynamic Conditional Correlation (DCC) model. …
-
Are All Shares Equal? A Measure of Secondary Agency Conflict and an Examination of its Influence on Investor Reactions to Acquisition Announcements
… has been established as the source of primary agency conflict between managers and shareholders. The research presented in the chapters that follow explain how the <em>combination </em>of ownership and control also represent a significant problem for many dispersed shareholders. Prior research …
-
Earnings management, agency costs and corporate governance : evidence from Egypt
… earnings management and determining the agency costs level. In addition, this study attempts to enhance the understanding of a number of issues relating to ownership structure and corporate governance in an emerging country setting. The international corporate collapse and accounting …
Page 1 of 3