Effectiveness of firms leading mechanisms in order to reduce agenty costs
Subject Areas : Management Accounting
1 - مسئول مکاتبات
2 - ندارد
Keywords: agency costs, firm leading, mechanisms, Panel data, dept ratio,
Abstract :
The relationship between firms leading mechanisms and agency costs in Tehranstock exchange firms was revised in this research. Data was gathered from 51 firmsduring the period of 1380-1387 . for hypothesis testing used panel analysed. Theresults showed that with 95% of confidance there are negative and significant relationbetween percentag by institutional investors, percentage of shares owned bymanagers, percentage of board members of non author and short – term debt to totaldebt ratio and agency cost. The result of this research did not adopt with the firmsdept ratio by agency costs.