The Relationship of Corporate Governance Mechanisms with Costs of the Agencies of Iranian Companies
This study attempts to investigate the impacts of severalcorporate governance mechanisms on two alternative proxies for agencycosts, namely the ratio of total sales to total assets (asset turnover) and theratio of selling, general and administrative expenses to total sales(SG&A). Agency costs, n...
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| Format: | Article |
| Language: | fas |
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University of Tehran
2014-06-01
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| Series: | مدیریت بازرگانی |
| Subjects: | |
| Online Access: | https://jibm.ut.ac.ir/article_51380_930f8604d0ac0058e97f2245f5da4be1.pdf |
| _version_ | 1818301750861365248 |
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| author | Gholamhosein Nikookar Ali Jahanbeyklouei Ali Farhadi Yasser Alidadi |
| author_facet | Gholamhosein Nikookar Ali Jahanbeyklouei Ali Farhadi Yasser Alidadi |
| author_sort | Gholamhosein Nikookar |
| collection | DOAJ |
| description | This study attempts to investigate the impacts of severalcorporate governance mechanisms on two alternative proxies for agencycosts, namely the ratio of total sales to total assets (asset turnover) and theratio of selling, general and administrative expenses to total sales(SG&A). Agency costs, non-executive directors on the board, andinstitutional investors are dependent variables. The analysis is conductedby a cross-sectional regression approach. Findings of the research aredifferent in regard to measuring scales of agency costs. There issignificant relationship between non-executive directors and agencycosts, in regard to asset turnover as a measuring scale, but this is not asignificant relationship for institutional investors. By using the ratio ofoperational expenses to sales as measuring scale of agency costs, there isnot also significant relationship between non-executive directors andagency costs, but this is significant relationship for institutional investors.In regard to combination of reverse ratio of asset turnover and ratio ofoperational expenses to sales as measuring scales of agency costs, there issignificant relationship between non-executive directors and institutionalinvestors with agency costs. |
| first_indexed | 2024-12-13T05:27:59Z |
| format | Article |
| id | doaj.art-a0270435da634fae90e31abe00db4be9 |
| institution | Directory Open Access Journal |
| issn | 2008-5907 2423-5091 |
| language | fas |
| last_indexed | 2024-12-13T05:27:59Z |
| publishDate | 2014-06-01 |
| publisher | University of Tehran |
| record_format | Article |
| series | مدیریت بازرگانی |
| spelling | doaj.art-a0270435da634fae90e31abe00db4be92022-12-21T23:58:08ZfasUniversity of Tehranمدیریت بازرگانی2008-59072423-50912014-06-016240141610.22059/jibm.2014.5138051380The Relationship of Corporate Governance Mechanisms with Costs of the Agencies of Iranian CompaniesGholamhosein Nikookar0Ali Jahanbeyklouei1Ali Farhadi2Yasser Alidadi3Associate Prof., Dep. of Management & Planning, Imam Hossien University, Tehran, IranInstructor, Faculty of Accounting, Payam-e-noor University, Ghaemshahr, IranPh.D. Candidate in Human Resource Management, Islamic Azad University, Qazvin, IranPh.D. Candidate in Human Resource Management, Islamic Azad University, Qazvin, IranThis study attempts to investigate the impacts of severalcorporate governance mechanisms on two alternative proxies for agencycosts, namely the ratio of total sales to total assets (asset turnover) and theratio of selling, general and administrative expenses to total sales(SG&A). Agency costs, non-executive directors on the board, andinstitutional investors are dependent variables. The analysis is conductedby a cross-sectional regression approach. Findings of the research aredifferent in regard to measuring scales of agency costs. There issignificant relationship between non-executive directors and agencycosts, in regard to asset turnover as a measuring scale, but this is not asignificant relationship for institutional investors. By using the ratio ofoperational expenses to sales as measuring scale of agency costs, there isnot also significant relationship between non-executive directors andagency costs, but this is significant relationship for institutional investors.In regard to combination of reverse ratio of asset turnover and ratio ofoperational expenses to sales as measuring scales of agency costs, there issignificant relationship between non-executive directors and institutionalinvestors with agency costs.https://jibm.ut.ac.ir/article_51380_930f8604d0ac0058e97f2245f5da4be1.pdfCorporate GovernanceNon-Executive Directors on the BoardOwnership of Institutional Investors |
| spellingShingle | Gholamhosein Nikookar Ali Jahanbeyklouei Ali Farhadi Yasser Alidadi The Relationship of Corporate Governance Mechanisms with Costs of the Agencies of Iranian Companies مدیریت بازرگانی Corporate Governance Non-Executive Directors on the Board Ownership of Institutional Investors |
| title | The Relationship of Corporate Governance Mechanisms with Costs of the Agencies of Iranian Companies |
| title_full | The Relationship of Corporate Governance Mechanisms with Costs of the Agencies of Iranian Companies |
| title_fullStr | The Relationship of Corporate Governance Mechanisms with Costs of the Agencies of Iranian Companies |
| title_full_unstemmed | The Relationship of Corporate Governance Mechanisms with Costs of the Agencies of Iranian Companies |
| title_short | The Relationship of Corporate Governance Mechanisms with Costs of the Agencies of Iranian Companies |
| title_sort | relationship of corporate governance mechanisms with costs of the agencies of iranian companies |
| topic | Corporate Governance Non-Executive Directors on the Board Ownership of Institutional Investors |
| url | https://jibm.ut.ac.ir/article_51380_930f8604d0ac0058e97f2245f5da4be1.pdf |
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