WebbThese attributes suggest distinctively severe agency costs of equity and product market predation. Using panel data consisting of 257 South African rms over the period 1998 to 2009, this study seeks to address three questions: (1) Does knowledge about product market competition improve our understanding of leverage-performance relationship WebbOn the one hand increasing competition lowers firm's profits and thus reduces incentives to exert effort (the Schumpeterian effect), on the other hand it reduces agency costs (or increases the risk of bankruptcy) thus increasing incentives to exert effort.
Women in top management and agency costs - ScienceDirect
Webb18 juni 2024 · Specifically, this study examines the association between product market competition and directors’ compensation for a sample of 524 listed firms in Malaysia … Webb26 juli 2007 · We find that competition has a significant direct pressure effect as well as a significant agency effect. Both effects increase the importance firms place on quality … selling zbrush licence
Agency costs and product market competition: The case of audit …
Webb1 mars 2024 · Because the balance between the discipline and agency-cost effects differs at different levels of leverage and competition, we demonstrate that the effects on financial distress hazard are non-monotonic in a cross section of firms faced with different levels of leverage and product-market competition. The discipline and agency-cost effects of ... Webb27 mars 2024 · Pro-competition regulation in the markets for goods and services can help boost living standards, can raise output per capita by increasing investment and employment, and can encourage firms to be more innovative and … Webb4 apr. 2024 · Econometric results confirm that the product market competition is a substitute for dividends as well as for internal corporate governance mechanisms. It is found that non-competitive firms tend to pay significantly higher dividends than competitive firms. selling zcash poloniex on tabtrader