Corporate Governance Elements and Agency Costs ——Data from Stock Markets of 2000-2007 in China

摘要：

The paper, selecting Shanghai and Shenzhen stock markets 6264 listed companies from 2000 to 2007 as samples, studies the relation between corporate governance elements and agency costs, which is measured by asset turnover rate, using the ordinary least squares and panel data two econometrics methods. The results show that, the shareholding proportion of the largest shareholder, managers’ remuneration and managers’ ownership has a significant negative correlation to agency costs; the shareholding proportion of directors is significantly positively correlative to agency costs, and there may be range effects of the proportion.

关键词： Corporate Governance Governance Elements Agency Costs

作者: HAO Chen GONG Yong-jian SUN Lingxia

作者单位: Corporate Governance Research Centre, Nankai University, P.R.China, 300071 Business School, Nankai University, P.R.China, 300071

会议类型: 国际会议

会议名称: 2009 International Institute of Applied Statistics Studies(2009 国际应用统计学术研讨会)

会议地点: 青岛

会议语种:英文

页码: 1-5

在线出版日期: 2009-07-25（万方平台首次上网日期，不代表论文的发表时间）