Monitoring and managerial discretion effects on agency costs: Evidence from an emerging economy

Monitoring and managerial discretion effects on agency costs: Evidence from an emerging economy

We analyzed the effect of managerial ownership, leverage, and managerial discretion on the agency costs of 14,719 Chilean companies. The results of the instrumental variables (IV) regressions indicate that managerial ownership and capital structure have a negative and non linear effect on agency cos...

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Bibliographic Details
Main Authors: Jorge Andrés Muñoz Mendoza, Sandra María Sepúlveda Yelpo, Carmen Lissette Veloso Ramos, Carlos Leandro Delgado Fuentealba
Format: Article
Language:English
Published: Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD) 2021-05-01
Series:BAR: Brazilian Administration Review
Subjects:
agency costs
managerial discretion
monitoring
growth opportunities
Online Access:https://bar.anpad.org.br/index.php/bar/article/view/511

Internet

https://bar.anpad.org.br/index.php/bar/article/view/511

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