Lei, Qianhua; Li, Jingchang; Zhong, Yaheng; Huang, Yujia - In: China journal of accounting research : CJAR 16 (2023) 1, pp. 1-25
We test whether differences in the background characteristics of firms' chairperson and CEO can reduce management agency costs. We find that when the chairperson is older, has a higher level of education, and has more overseas experience than the CEO, the management agency costs will be lower. A...