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Keywords: Agency cost
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Journal Articles
Review of Accounting and Finance (2022) 21 (3): 130–153.
Published: 25 April 2022
... earnings and sum of segment-level earnings. Managerial incentives are proxied by proprietary cost and agency cost. Proprietary cost is measured by the Herfindahl index. Agency cost is measured by inefficient resource transfer activities across segments. Foreign firms in this study are companies listed...

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