... (signaling effects). Originality/value Management-controlled firms, in which agency problems refer to principal-agent conflicts, are more likely to have good ratings than single-family controlled firms, in which agency problems refer to principal-principal conflicts. Blockholder-controlled firms have...

... content analysis and offer future research directions. Findings Four key research streams emerged: information asymmetry, agency problems, legal, regulatory, and social environment, and behavioral finance. Future research may focus on behavioral explanations for IPO underpricing, the role of investor...

... across various proxies of advertising expenditures and firm performance. Furthermore, the results also show that the positive impact of product market competition on the value of advertising expenditures is confined only to firms that already have lower agency problems. Originality/value The results...

... an unbalanced because firms drop out of the sample after the filing of the class action. Equation (2) will be used to analyze the operating performance. Corporate governance Operating performance Agency problems Securities class actions Securities class actions provide a relatively low cost...

...Jonchi Shyu Purpose This study seeks to examine how agency problems and internal capital markets in group‐affiliated firms are mutually influenced by the ownership structure, capital structure, and performance. It also aims to examine the endogeneity in group affiliation. Design/methodology...

... stakeholders into account when studying agency problems; it explores the role of creditors and employees in financing decision making under various corporate governance patterns and political and legal systems across countries. Creditor can influence a firm's financing decision through debt contracting...

... importantly, persistent losers generally had a significantly higher probability of subsequent takeover, indicating the effectiveness of the takeover market in disciplining poor performers. © Emerald Group Publishing Limited 2004 Ownership structure Agency problems Depository institutions Moral...