search query: @author Doukas, J.A. / total: 3
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| Author: | Doukas, J.A. Kim, C. Pantzalis, C. |
| Title: | Security analysis, agency costs, and company characteristics |
| Journal: | Financial Analysts' Journal
2000 : NOV/DEC, VOL. 56.6, p. 54-63 |
| Index terms: | Managers Security Shareholders |
| Language: | eng |
| Abstract: | The authors appraise the monitoring activity of security analysis from the perspective of the manager-shareholder conflict. Using a data set of more than 7000 company-year observations for manufacturing companies tracked by security analysis over the 1988-94 period, they found that security analysis acts as a monitor to reduce the agency costs associated with the separations of ownership and control. |
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