Measuring Agency Costs in the Presence of Incidental Truncation: Empirical Evidence from Chinese Firms
Substantial literature attempts to estimate the potential and magnitude of agency costs including an agency cost function that characterizes the impact of dividend policies and insider ownership on firm debt. These approaches are problematic because they assume all firms can be aggregated, even when...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
2014-06-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150727095844-T5VM3.pdf |