Search Results - subject_exact:"Agency theory"

Delegated social responsibility : Is managerial prosociality a source of agency cost?

Szymczak, Wiebke - 2026

Agency theory holds that managerial discretion over stakeholder decisions creates agency costs through altruistic redistribution. We test this claim in a principal-agent experiment where agents choose effort and transfers affecting a third party under unenforceable flat-wage contracts. We find...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015605604

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Delegated social responsibility: Is managerial prosociality a source of agency cost?

Szymczak, Wiebke - 2026

Book / Working Paper

Board of directors' characteristics, political connection and risk disclosure : evidence from an emerging market context

Alshira'h, Ahmad Farhan - 2026

This research examines Jordanian risk disclosure policies and how board size, meeting frequency, CEO duality, and board expertise affect them, exploring how political ties moderate the link between board features and risk disclosure. In 2014-2023, the research examined 90 non-financial...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639158

Aligning ESG with firm value : the conditional impact of ESG on family-controlled businesses

Norrasate Sritanee - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644926

The impact of voluntary IFRS adoption on financial reporting quality and firm value : evidence from listed firms in Vietnam

Nguyen, Ngoc Giau; Nguyen Ngoc Tien - 2026

As emerging economies expedite their integration into global capital markets, comprehending the implications of voluntary International Financial Reporting Standards (IFRS) adoption has become increasingly critical for regulators, investors, and corporations. This study examines the influence of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652316

The impact of abnormal ESG on firm value : focusing on voluntary disclosure on carbon emissions

Lee, Jaehong; Kim, Suyon - 2026

Following the COVID-19 pandemic, investors' growing focus on sustainable management has increased substantially, drawing greater attention to Environmental, Social and Governance (ESG) practices. This study examines the effect of abnormal ESG investment, defined as ESG activities exceeding the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671725

The Nexus of economic policy uncertainty, cash holdings, and investment : a systematic literature review from an agency theory perspective

Pradita, Nungki; Tandelilin, Eduardus; Setiyono, Bowo - 2026

This systematic literature review (SLR), integrated with bibliometric analysis, provides a comprehensive investigation into the impact of economic policy uncertainty (EPU) on corporate strategic decisions. While previous studies often discuss EPU impacts broadly, this review specifically...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016069326

Institutional quality and cash holdings : empirical evidence from an emerging market

Hung Phan Tran Minh; Vo, Ngoc Tuong Vi; Vo, Hoang Diem Trinh - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085680

The impact of ownership on global strategy : owner diversity and non-financial objectives

Cuervo-Cazurra, Alvaro; Grosman, Anna; Mol, Michael J.; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015374356

Common ownership and competitive dissimilarity : a global perspective on competition and institutional ownership

Steinberg, Philip J.; Hennig, Jan Christoph; Oehmichen, Jana - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015374365

Ownership, institutions, and the agency of M&A completion

Lindner, Thomas; Müllner, Jakob; Puhr, Harald - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015374373

What is in a rating? : exploring the link between the Italian legality rating and earnings management

Bertacchini, Federico; Magri, Carlotta; Gabrielli, Gianluca - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015357461

Assumptions about human motivation have consequences for practice

Gagné, Marylène; Hewett, Rebecca - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015472236

GPT adoption dilemma and the impact of disclosure policies

Yang, Liu; Restrepo Amariles, David; Allen, Leo; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015409684

Agency problem : the role of governance as a mitigant in two tier governance system in Indonesia

Alexander, Nico - 2025

The issue of conflicting interests between company management and stakeholders arises when the management prioritizes its own compensation over the interests of other parties. This disparity in interests is commonly referred to as the agency problem. To address this problem, corporate governance...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015410387

Bridging the ESG credibility gap : the role of institutional investors in mitigating ESG decoupling

Cepêda, Catarina; Monteiro, Albertina Paula; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015459990

Evaluating the influence of board characteristics on environmental decoupling : evidence from Europe

Pisano, Sabrina; Lepore, Luigi; Nastari, Raffaela; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015460009

Managerial shareholding and performance in LBOs : evidence from the MENA region

Attahiri, Abir; Zineelabidine, Maroua; Makhroute, Mohamed - 2025

This research explores the impact of ownership structure on the financial performance of Leveraged Buyout (LBO) transactions in the MENA region, a key emerging market region. Drawing on agency theory by Jensen & Meckling and the capital structure theory of Modigliani and Miller, the study...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015441104

Governance in crisis : do different types of ownership influence firm performance in GCC countries amid Covid-19?

Alshdaifat, Sajead Mowafaq; Alharasis, Esraa Esam; … - 2025

This research examines how various ownership composition, such as royal, family, state, director, foreign, and block-holders, affect the performance of firms in the GCC region during the Covid-19 pandemic. The sample includes 373 non-financial GCC firms and the research uses the OLS regression...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015608024

Bridging disclosure gaps : the role of institutional investors in contingent liabilities reporting by Indian listed companies

Potharla, Srikanth - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015608408

Cash holding models in nonprofit organizations : an integrative approach

Elvira-Lorilla, Teresa; Garcia-Rodriguez, Inigo; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616594

Agent of two principals : conflicts and spillovers between business organization and open source project roles

Koch, Stefan; Bayraktar, Secil; Rofcanin, Yasin - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591936

Narcissistic CEOs and tools for mitigating agency problems

Bukalska, Elżbieta; Dycha-Wąsik, Gabriela - 2025

Objective: There is little evidence on the choice of tools to mitigate agency problems. Because these tools are chosen by the CEOs (chief executive officers), we believe that their personality matters. We include the narcissism of the CEO to check whether it is an important factor affecting...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638577

How political connections shape sustainability's impact on tax aggressiveness in Indonesia

Primasari, Nora; Faisal, Faisal; Mutmainah, Siti - 2025

This study examines the effect of corporate sustainability on tax aggressiveness, with political connections as a moderating variable. The population of this study consists of companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2022. The research method used is panel data...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015669902

Make, buy, and ally : can plural sourcing reconcile the tension between outsourcing and corporate social responsibility?

Tong, Xun; Wilhelm, Miriam; Wang, Shuo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015457765

Digital marketing outsourcing relationships between SMEs and service providers : an agency theory perspective

Sutherland, Karen; Mulcahy, Rory; Burgess, Jacqueline; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016069203

An agency theory perspective on activist investors and supply chain failures : the case of product recalls

Darby, Jessica L.; Wowak, Kaitlin D.; Ketchen, David; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016087428

Corporate climate risk governance and environmental innovation

Hamim, Md Tanvir; Mollah, Sabur - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015459988

Revisiting the impact of families on family firm performance

Jaskiewicz, Peter; Combs, James G.; Uhlenbruck, Nikolaus; … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015099121

Corporate social responsibility (CSR) and earnings management : a structured literature review with a focus on contextual factors

Velte, Patrick - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015101937

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Corporate social responsibility (CSR) and earnings management: A structured literature review with a focus on contextual factors

Velte, Patrick - 2024

Article

Managerial ownership and corporate innovation : evidence of patenting activity from Chinese listed manufacturing firms

Pu, Tingqian; Abdul Hadi Zulkafli - 2024

Corporate innovation plays a crucial role in maintaining competitiveness and enhancing firm value. However, despite being the world's leading manufacturing nation, the role of managerial ownership in fostering innovation within the Chinese manufacturing industry has not received adequate...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014533534

Audit committee characteristics and tax planning : evidence from the ago-industry in listed companies in Thailand

Thomya, Wanlapa; Ritsri, Uma - 2024

This study aims to examine the investigate the audit committee characteristics on tax planning in the agro-industry listed companies in Thailand. This research used 229 firm-year data extracted from the annual financial reports (form 56-1) and data from the SET Security Market Analysis and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014534517

"If only we'd known" : theory of supply failure under two-sided information asymmetry

Kauppi, Katri; Brandon-Jones, Alistair; Raaij, Erik M. van - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014468696

Optimal degree of remote work

Bertram, Justus; Ruhnke, Carsten S.; Schöndube, Jens Robert - 2024

As a new work style remote work has become an increasingly important factor for firms and their employees. Employees potentially benefit from a higher flexibility when working remotely. Firms can make use of this non-financial benefit to increase their attractiveness on the job market and to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014521154

The optimal choice of after-tax and pre-tax performance measures in the presence of tax base risks

Schöndube, Jens Robert; Spaeth, Alexandra - 2024

In practice, both pre- and after-tax performance measures are used to incentivize managers. In this paper, we analyze the optimality of these performance measures in an agency setting, assuming that both the principal and the agent face tax base risks. Switching from a pre-tax to an after-tax...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015152724

CEO power and bank risk nexus : evidence from commercial banks in Uganda

Kajumbula, Richard; Makoni, Patricia Lindelwa - 2024

This study aimed to establish the nexus between CEO power and bank risk. Previous studies on how CEO power affects risk-taking have produced mixed results. Some studies show that CEO power reduces risk, while others show the reverse. This lack of conclusive findings motivated this study. This...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015371420

The influence of board interlocks and sustainability experience on transparent sustainability disclosure

Lu, Jing; Yu, Dongning; Mahmoudian, Fereshteh; Nazari, … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015338706

"All for one and one for all?" : business angel groups as collective action

Botelho, Tiago; Mason, Colin M. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015191493

The impact of promoter on firm value : evidence from emerging economies

Sasidharan, Aghila; Sukumaran, Rahul; Jose, Sobhith Mathew - 2024

Using panel regression on a sample of 1,532 firms listed on the National Stock Exchange (NSE) of India and 450 firms in the Shanghai Stock Exchange (SSE) of China, this study examines the impact of promoter ownership on firm value. We find that promoter have positive impact on firm value in...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015173447

Taxes, payout policy, and share prices : evidence from did analysis using Korea's 2015-2017 dividend tax cut

Lee, Jeong Hwan; Lee, Young - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015405776

Does ESG investment influence firm risk during the COVID-19 pandemic? : evidence from European markets

Selimefendigil, Seyfullah - 2024

Corporate social performance (CSP) has gained in importance in recent decades. To satisfy the concerns raised by con- sumers, investors, fund providers, and governmental organizations about sustainability, businesses stick to working for a more sustainable environment. This paper examines the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015411558

Ownership structure and performance : how does business environmental uncertainty matter?

Maryanti, Eny; Dianawati, Wiwiek - 2024

This study examines the moderating role of business environmental uncertainty in the relationship between the ownership structure and firm performance of companies listed on the Indonesia Stock Exchange. This study analyzes 2027 annual reports of companies listed on the Indonesia Stock Exchange...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015446702

Board characteristics and financial performance of banks listed on frontier stock markets in East Africa : a panel analysis

Magoma, Anthony; Ernest, Enid; Kasheshi, Ernest - 2024

This study investigates the impact of board characteristics on the financial performance of 14 listed banks in Kenya, Tanzania, and Uganda. We use 84 firm-year observations of 14 listed banks from three stock markets in East Africa, namely Dar es Salaam Stock Exchange (DSE), Nairobi Security...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015446747

Governance, sukuk and bond performance : a systematic literature review

Alyamani Ghalib Mohammed; Aisyah Abdul Rahman; Syajarul … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015564238

Navigating the nexus of ownership structures and corporate sustainability performance : the amplified role of corporate governance

Laili, Normarliana; Mohamat Sabri Hassan; Romlah Jaffar; … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015580628

Boundaries of management performance measures (MPMs) disclosed in primary financial statements prepared in accordance with new standard planned to supersede IAS 1

Maruszewska, Ewa Wanda; Tuszkiewicz, Maciej Andrzej - 2024

We outline the management performance measures (MPMs)' boundaries based on the upcoming introduction of MPM's definition to International Financial Reporting Standards (IFRS). The literature investigates business performance measures concentrating on managers' needs, while IFRS aims to provide...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015415052

Board member remuneration and earnings management : the case of Portugal

Dias, Catarina Gonçalves; Paiva, Inna Sousa; Carvalho, … - 2024

This study draws on agency theory and evaluates the effect of the remuneration structures of board members on earnings management, proxied by discretionary accruals. To achieve the objective, this study uses a multiple regression model and a hand-collected dataset of Portuguese-listed firms from...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014471392

The effect of incoming board interlocks with public firms on private firms' survival : large-scale evidence from India

Benischke, Mirko H.; Bhaskarabhatla, Ajay; Singh, Rajani - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014578587

How to improve utility performance : understanding structural, governance and regulatory incentives in Kenya Power and Kenya

Twesigye, Peter - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015532534

Relative performance-Messung als Instrument der Unternehmenssteuerung

Bautz, Felix Achim - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655005

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Relative performance-Messung als Instrument der Unternehmenssteuerung

Bautz, Felix Achim - 2026

Article

Licensing resource exploitation with endogenous and privately known reserves

Jääskeläinen, Jarmo; Lappi, Pauli - 2026

We design optimal mechanism to collect revenues from nonrenewable resource exploitation, when the resource must be explored and discovered and when there is asymmetric information. The exploration effort may result in a discovery that is revealed only to the firm, and the effort is not observed...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617653