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Agency Costs, Ownership, and Internal Governance Mechanisms: Evidence from Chinese Listed Companies
| Content Provider | Semantic Scholar |
|---|---|
| Author | Vijayakumaran, Ratnam |
| Copyright Year | 2019 |
| Abstract | In recent years, there has been an increasing interest in assessing the effectiveness of corporate governance in China. This paper examines the impact of internal governance mechanisms such as ownership structure and board characteristics and debt financing on agency costs making use of a large panel of Chinese listed firms. We find that managerial ownership and debt financing work as effective corporate governance mechanisms for Chinese listed firms to mitigate agency conflicts and the resultant agency costs. |
| Starting Page | 133 |
| Ending Page | 154 |
| Page Count | 22 |
| File Format | PDF HTM / HTML |
| DOI | 10.18488/journal.aefr.2019.91.133.154 |
| Alternate Webpage(s) | http://www.aessweb.com/pdf-files/AEFR-2019-9(1)-133-154.pdf |
| Alternate Webpage(s) | https://doi.org/10.18488/journal.aefr.2019.91.133.154 |
| Volume Number | 9 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |