...Nemiraja Jadiyappa; Anto Joseph; Garima Sisodia Purpose The purpose of this paper is to empirically examine the impact of the bank-appointed directors on the agency costs of debt by using the idiosyncratic risk of stock returns as a measure of agency costs of debt. Design/methodology/approach...

...Michael De Martinis; Mehdi Khedmati; Farshid Navissi; Mohammed Aminu Sualihu; Zakiya Tofik-Abu Purpose The purpose of this paper is to examine whether and how firm's agency costs played a role in the voluntary adoption of the eXtensible Business Reporting Language (XBRL) under the SEC's voluntary...

...Hao Li; Edward Jones; Pierre de Gioia Carabellese Purpose The purpose of this paper is to investigate whether ex ante board connections and director retention result in agency costs to target company shareholders in the form of reduced payment in mergers and acquisitions transaction...

... to the market. Furthermore, Jensen and Meckling (1976), Rozeff (1982), Easterbrook (1984) and Jensen (1986) developed “agency cost theory”, which derives from problems associated with the separation of management and ownership, and the differences in managerial and shareholder priorities. They argue...

... financial statement data for US firms over the 1981-2014 using several measures of IIIH. Findings The authors argue that an increase in the presence of long-term investors contributes to more effective monitoring and information quality. This results in a reduction in agency costs and informational...

.... On the other hand, this guaranteed ownership is a form of entrenchment, which certainly imposes some risk on minority shareholders. Proponents of type II agency conflicts argue that excess control generates agency costs that, for instance, can take the form of expropriation through so-called “tunneling...