Jiraporn, Pornsit; Chintrakarn, Pandej; Liu, Yixin - In: Journal of Financial Services Research 42 (2012) 3, pp. 139-158
We use agency theory to investigate the influence of CEO dominance on variation in capital structure. Due to agency … agency theory, the evidence reveals that, when the CEO plays a more dominant role among top executives, the firm adopts … exacerbate agency costs and is thus detrimental to firm value. Copyright Springer Science+Business Media, LLC 2012 …