Agency Problem, Corporate Governance Mechanisms and Cost Stickiness in Firms Listed in Tehran Stock Exchange
This research investigates the impact of the agency problem and the corporate governance mechanisms on cost stickiness in firms listed in Tehran Stock Exchange. To do so, 125 listed firms of Tehran Stock Exchange are selected as a sample to be studied during the period 2006-2014. Free Cash Flow (FCF...
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| Format: | Article |
| Language: | fas |
| Published: |
Alzahra University
2015-09-01
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| Series: | راهبرد مدیریت مالی |
| Subjects: | |
| Online Access: | http://jfm.alzahra.ac.ir/article_2264_9fbd3f69018ad7f66b9276de584a51ad.pdf |
| _version_ | 1828859736200577024 |
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| author | saeid jabbarzadeh kangarluei Morteza Motavassel Amin Rahimzadeh Khazaei |
| author_facet | saeid jabbarzadeh kangarluei Morteza Motavassel Amin Rahimzadeh Khazaei |
| author_sort | saeid jabbarzadeh kangarluei |
| collection | DOAJ |
| description | This research investigates the impact of the agency problem and the corporate governance mechanisms on cost stickiness in firms listed in Tehran Stock Exchange. To do so, 125 listed firms of Tehran Stock Exchange are selected as a sample to be studied during the period 2006-2014. Free Cash Flow (FCF), CEO Tenure, CEO Horizon and CEO Bonus are proxies for agency problem in this study. The results indicate that none of Free Cash Flow (FCF), CEO Tenure, CEO Horizon and CEO Bonus affects (administrative, general, sale) cost stickiness. The result also shows that corporate governance has no effect on the relationship between agency problem and (administrative, general, sale) cost stickiness. |
| first_indexed | 2024-12-13T02:25:29Z |
| format | Article |
| id | doaj.art-aae9356191cb48e29ba51163fadeb468 |
| institution | Directory Open Access Journal |
| issn | 2345-3214 2538-1962 |
| language | fas |
| last_indexed | 2024-12-13T02:25:29Z |
| publishDate | 2015-09-01 |
| publisher | Alzahra University |
| record_format | Article |
| series | راهبرد مدیریت مالی |
| spelling | doaj.art-aae9356191cb48e29ba51163fadeb4682022-12-22T00:02:40ZfasAlzahra Universityراهبرد مدیریت مالی2345-32142538-19622015-09-01337910310.22051/jfm.2015.22642264Agency Problem, Corporate Governance Mechanisms and Cost Stickiness in Firms Listed in Tehran Stock Exchangesaeid jabbarzadeh kangarluei0Morteza Motavassel1Amin Rahimzadeh Khazaei2Islamic Azad university of urmiaIslamic Azad university of urmiaIslamic Azad university of urmiaThis research investigates the impact of the agency problem and the corporate governance mechanisms on cost stickiness in firms listed in Tehran Stock Exchange. To do so, 125 listed firms of Tehran Stock Exchange are selected as a sample to be studied during the period 2006-2014. Free Cash Flow (FCF), CEO Tenure, CEO Horizon and CEO Bonus are proxies for agency problem in this study. The results indicate that none of Free Cash Flow (FCF), CEO Tenure, CEO Horizon and CEO Bonus affects (administrative, general, sale) cost stickiness. The result also shows that corporate governance has no effect on the relationship between agency problem and (administrative, general, sale) cost stickiness.http://jfm.alzahra.ac.ir/article_2264_9fbd3f69018ad7f66b9276de584a51ad.pdfAgency problemCost Stickinesscorporate governance mechanismsand Tehran Stock Exchange |
| spellingShingle | saeid jabbarzadeh kangarluei Morteza Motavassel Amin Rahimzadeh Khazaei Agency Problem, Corporate Governance Mechanisms and Cost Stickiness in Firms Listed in Tehran Stock Exchange راهبرد مدیریت مالی Agency problem Cost Stickiness corporate governance mechanisms and Tehran Stock Exchange |
| title | Agency Problem, Corporate Governance Mechanisms and Cost Stickiness in Firms Listed in Tehran Stock Exchange |
| title_full | Agency Problem, Corporate Governance Mechanisms and Cost Stickiness in Firms Listed in Tehran Stock Exchange |
| title_fullStr | Agency Problem, Corporate Governance Mechanisms and Cost Stickiness in Firms Listed in Tehran Stock Exchange |
| title_full_unstemmed | Agency Problem, Corporate Governance Mechanisms and Cost Stickiness in Firms Listed in Tehran Stock Exchange |
| title_short | Agency Problem, Corporate Governance Mechanisms and Cost Stickiness in Firms Listed in Tehran Stock Exchange |
| title_sort | agency problem corporate governance mechanisms and cost stickiness in firms listed in tehran stock exchange |
| topic | Agency problem Cost Stickiness corporate governance mechanisms and Tehran Stock Exchange |
| url | http://jfm.alzahra.ac.ir/article_2264_9fbd3f69018ad7f66b9276de584a51ad.pdf |
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