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| Tekijä: | |
| Otsikko: | Agency problems and the simultaneity of financial decision making: The role of institutional ownership |
| Lehti: | International Review of Financial Analysis
1999 : VOL. 8:2, p. 177-197 |
| Asiasana: | Financial analysis Decision making Shareholders Wealth Costs USA |
| Kieli: | eng |
| Tiivistelmä: | This study investigated the simultaneity of 4 financial variables that are hypothesized to control agency costs. There is a model built showing that leverage, dividends, insider ownership, and institutional ownership are determined simultaneously as each of the variables is hypothesized to affect agency costs. Overall, the study provides evidence that the addition of institutional ownership into an agency cost minimization model enhances the system. |
SCIMA