Can differences in the background characteristics of the chairperson–CEO vertical dyad reduce management agency costs?—A perspective Based on the internal configuration of the top management team

Can differences in the background characteristics of the chairperson–CEO vertical dyad reduce management agency costs?—A perspective Based on the internal configuration of the top management team

We test whether differences in the background characteristics of firms’ chairperson and CEO can reduce management agency costs. We find that when the chairperson is older, has a higher level of education, and has more overseas experience than the CEO, the management agency costs will be lower. A ser...

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Bibliographic Details
Main Authors: Qianhua Lei, Jingchang Li, Yaheng Zhong, Yujia Huang
Format: Article
Language:English
Published: Elsevier 2023-03-01
Series:China Journal of Accounting Research
Subjects:
Vertical dyad characteristic differences
Management agency costs
Top management team
Online Access:http://www.sciencedirect.com/science/article/pii/S1755309123000035

Internet

http://www.sciencedirect.com/science/article/pii/S1755309123000035

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