期刊论文详细信息
Asian Economic and Financial Review | |
Agency Costs, Ownership, and Internal Governance Mechanisms: Evidence from Chinese Listed Companies Author(s): | |
Ratnam Vijayakumaran^11  | |
[1] Durham University Business School, Durham University, Durham, UK and Department of Financial Management, Faculty of Management Studies and Commerce, University of Jaffna, Sri Lanka^1 | |
关键词: Agency costs; Ownership structure; Board structure; Debt financing; State ownership; China.; | |
DOI : 10.18488/journal.aefr.2019.91.133.154 | |
学科分类:社会科学、人文和艺术(综合) | |
来源: Asian Economic and Social Society | |
【 摘 要 】
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.
【 授权许可】
CC BY
【 预 览 】
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RO201911047820876ZK.pdf | 592KB | download |