Tayeh, Mohammad; Mustafa, Rafe'; Bino, Adel - In: Journal of economics, finance & administrative science 28 (2023) 56, pp. 287-302
Purpose This study investigated the impact of corporate ownership structure on agency costs in the insurance industry … agency costs, implying that the ownership of the largest shareholder is irrelevant. However, as the wedge between the … (increases), indicating that the existence of large non-management shareholders reduces agency costs. After accounting for the …