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Do Agency Costs Really Matter? A Non-linear
Approach of Panel Data
Article January 2012
In the corporate form of ownership, the shareholders are the owners of the firm. The
shareholders elect the directors of the corporation, who in turn appoint the firms
management. This separation of ownership from control in the co
Q13-8. All else equal, which company would face a greater level of financial distress, a
software-development company or a hotel chain? Why would financial distress costs affect
the companies so differently?
A13-8. A software development compan
Good things to have a look at
For these three the abstract and Introduction should give you a flavor of the research. Connect it
these to issues around capital structure so you might weave into a response.
Wellalage, NH; Locke, S (2014), Capital structure
Who owns a corporation? Describe the process whereby the owners control the firm's
management. What is the main reason that an agency relationship exists in the corporate form
of organization? In this context, what kinds of problems can arise?