Firm Leverage, Agency Costs and Firm Performance: An Empirical Research on Service Firms in Turkey
The agency theory suggests that loan can reduce the agency problem of shareholders-managers (enhance the agency problem of shareholders-lenders) and increase (decrease) the performance of a firm. This article analyzes the impact of firm leverage on the performance of firms with high and low agency c...
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| Format: | Article |
| Language: | deu |
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Mustafa Süleyman ÖZCAN
2019-03-01
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| Series: | İtobiad |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/681576 |