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 37 for “"agency problem"”.
-
The Plymouth Community Justice Court and the Concepts of Multi-Agency Problem-Solving and Community Engagement: A Process Review
… the development and operationalisation of problem-solving multi-agency working, and thirdly the identification and implementation of community engagement strategies. Observations of the court and associated meetings were undertaken (29 court sessions, six meetings, two problem-solving …
-
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 …
-
Agency theory: a model of investor equilibrium and a test of an agency cost rationale for convertible bond financing
… assets is being studied under the heading of "agency theory." The primary purposes of the research done in this study were to: (1) economically model the individual investor's consumption-investment decision as it is modified by the agency problem, and (2) to econometrically model the firm's …
-
The agency cost of financial decision making: an empirical analysis
… in the firm and leverage ratio to minimize agency costs. Easterbrook [1984] and Rozeff [1982] extended this notion with the hypothesis that dividends are paid to reduce equity agency costs. Myers [1977] explained debt agency costs as being a possible underinvestment problem with risky debt, …
-
Corporate governance and corporate performance: Implications for transition economies
… the link between corporate governance and the agency problem on the basis that the latter is concerned with the conflicting interests between corporate managers and its financiers. In this respect, the literature has come up with mechanisms that can mitigate the negative effects of the agency …
-
Corporate Governance, Ceo Compensation and total shareholder returns in South Africa
… measures in addressing the principal/agent problem, The on-going displeasure displayed by the media and business commentators, relating to apparent excessive and unwarranted executive directors’ salaries, has increased since the financial turmoil experienced in 2008. The commentaries and …
-
The Effect of Corporate Governance on Firm Performance in Jordan
… 2000 to 2010. This study primarily employs the agency theory to investigate the relationship between corporate governance and firm performance. The agency theory is concerned with the agency problem between principals and agents (i.e. shareholders and managers, respectively), which undermines …
-
Essays in macroeconomics : information and financial markets
… economy. Investors solve an optimal contracting problem to induce financial institutions to allocate their investment optimally. We then study how investment decisions are affected when financial securities are introduced that allow agents to trade their risks. Investors do not have the necessary …
-
Labor unions and shareholder activism: Union and firm characteristics in determining shareholder activism, resolution outcomes, and firm targets among labor union pension funds
… This dilemma, which I refer to as the “dual-agency problem” of labor unions is discussed throughout this dissertation. Each essay of this dissertation explores a different perspective of labor union shareholder activism; the first at the union level of analysis, the second at the resolution …
-
What insight do market participants gain from dividend increases?
… study simultaneously tests the signaling and agency abatement motivations as explanations of the impact of dividend increases on stock prices and bid-ask spreads. The agency abatement hypothesis argues that increased dividends constrict management's future behavior, abating the agency problem …
-
Essays on dynamic agency, inequality and optimal taxation
… business ownership is subject to a dynamic agency problem, with the utility of each firm owner and the output of their firm depending upon actions observable only to themselves. To induce owners to increase output, their consumption must depend upon the performance of their firm, and this …
-
Corporate Social Responsibility and Future Earnings
… as an investment, a signaling device, and/or an agency problem. In this paper, we focus on the investment and signaling hypotheses, and thus examine the association between CSR and future realized earnings and cash flow from operations (CFO). We find that CSR has negative long-term relation to …
-
Essays on the Macroeconomic Effects of Imperfect Banking Competition and Other Financial Frictions
… into a DSGE model, often by introducing an agency problem which serves to amplify macroeconomic shocks. This paper examines the impact of another important financial friction, imperfect competition in banking, on aggregate fluctuations by incorporating a Cournot banking sector into a DSGE …
-
Internal Capital Market and Capital Misallocation: Evidence from Corporate Spinoffs
… that the misallocation of internal capital is an agency problem. A low management ownership stake, coupled with the existing differential in growth opportunities between parent and spunoff firms, leads to misallocation of internal capital, thus creating incentives for a spinoff. Spinoffs should …
-
Investigating the Relationship between Governance Mechanisms and the Disclosure of IT Control Weaknesses
… weaknesses. The proposed model draws upon agency theory to provide a theoretical perspective of the occurrence of IT control weaknesses and upon corporate governance literature to solicit potential factors that influence the achievement of effective IT control over financial reporting. …
-
The quality of disclosure and governance and their effect on litigation risk
… available to them in order to mitigate the agency problem. Firm characteristics determine the choice of which of these two mechanisms is appropriate for a particular company. I then test predictions from this model and find that firms with poor monitoring are much more likely than those with …
-
Betriebswirtschaftliche Ansätze zur Reduktion negativer Auswirkungen von Anreizsystemen auf Consensus-Mechanismen im Interbankenmarkt unter Berücksichtigung der Bereiche Markt, Effizienz, Regulatorik und Strategie
… The thesis outlines new aspect to the agency problem, as discussed in the context of the LIBOR scandal, of the LIBOR scandal, using a business view on the participating banks. It also highlights the incentives of various stakeholders, such as regulators and internal departments, in a …
-
EXAMINING HOW TENNESSEE STATE MERIT AID INFLUENCES INSTITUTIONAL GRANT AID: A DIFFERENCE-IN-DIFFERENCES APPROACH
… and institutions, it could reduce the agency problem that develops and ensure state does not duplicated existing financial aid strategies.
-
Three essays in corporate finance
… view that spending on CSR is a manifestation of agency problem, and that financial analysts exert pressure on managers to cut back such discretionary spending.
Page 1 of 2