Proceedings of Rijeka Faculty of Economics : Journal of Economics and Business, Volume (39), No (1), Year (2021-6) , Pages (199-220)

Title : ( The relationship between corporate governance characteristics and agency costs )

Authors: Mahdi Salehi , Mohammad Sadegh Adibian , Zakiyeh Sadatifar , Ehsan Khansalar ,

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Abstract

The present study aims to evaluate the contributing factors to agency costs in Iran. In this regard, 112 companies were studied over 2010 - 2016. Since the model is dynamic and the dependent variable suffers from a lag, the generalized method of moments is employed to free the independent variables and the disruptive component. The findings indicate a significant lag in the dependent variable of all three models. An audit committee’s presence significantly affects the decline of agency costs in all three models. Moreover, results suggest that family companies and the state shareholders of all three models have no significant impact on the agency costs. The existence of financial leverage matching with all three models causes the decline of agency costs. In terms of assets, Larger companies based on the three models have more agency costs as well.

Keywords

, agency costs, dynamic panel, generalized method of moments, factor analysis, and audit committee
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@article{paperid:1085482,
author = {Salehi, Mahdi and Adibian, Mohammad Sadegh and Zakiyeh Sadatifar and Ehsan Khansalar},
title = {The relationship between corporate governance characteristics and agency costs},
journal = {Proceedings of Rijeka Faculty of Economics : Journal of Economics and Business},
year = {2021},
volume = {39},
number = {1},
month = {June},
issn = {1331-8004},
pages = {199--220},
numpages = {21},
keywords = {agency costs; dynamic panel; generalized method of moments; factor analysis; and audit committee},
}

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%0 Journal Article
%T The relationship between corporate governance characteristics and agency costs
%A Salehi, Mahdi
%A Adibian, Mohammad Sadegh
%A Zakiyeh Sadatifar
%A Ehsan Khansalar
%J Proceedings of Rijeka Faculty of Economics : Journal of Economics and Business
%@ 1331-8004
%D 2021

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