Co-operative governance and management control systems: an agency costs theoretical approach

Agency costs, corporate governance and the Fiji Sugar Corporation

Pacific Economic Bulletin Volume 21 Number 2 2006 © Asia Pacific Press The Fiji Sugar Corporation, the sole miller in Fiji, has experienced declining financial performance for over a decade, despite Fiji enjoying sugar prices two to three times the average world price. The corporation’s poor financial performance has primarily been blamed on the increase in burnt cane. This paper tests the impo...

Clinical Governance: Costs and Benefits

Agency Costs, Risk Management, and Capital Structure

The joint determination of capital structure and investment risk is examined. Optimal capital structure re ects both the tax advantages of debt less default costs (Modigliani-Miller), and the agency costs resulting from asset substitution (Jensen-Meckling). Agency costs restrict leverage and debt maturity and increase yield spreads, but their importance is relatively small for the range of envi...

Property Rights Theory, Transaction Costs Theory, and Agency Theory: An Organizational Economics Approach to Strategic Management

Property rights theory has common antecedents with contractual theories of the firm such as transaction costs and agency theories, and is yet distinct from these theories. We illustrate fundamental theoretical principles derived from these three theories by analyzing the business case of oil field unitization. Theoretical principles and application of theory to oil field unitization are each su...

development and implementation of an optimized control strategy for induction machine in an electric vehicle

in the area of automotive engineering there is a tendency to more electrification of power train. in this work control of an induction machine for the application of electric vehicle is investigated. through the changing operating point of the machine, adapting the rotor magnetization current seems to be useful to increase the machines efficiency. in the literature there are many approaches wh...