Corporate Governance, Agency Costs, and Corporate Sustainable Development: A Mediating Effect Analysis

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...

Global Corporate Governance Forum Corporate Governance and Development Stijn

This paper investigates the relationship between corporate governance and economic development and well-being. It finds that better corporate frameworks benefit firms through greater access to financing, lower cost of capital, better firm performance, and more favorable treatment of all stakeholders. Numerous studies agree that these channels operate not only at the level of the firms, but in s...

Payout policy, agency conflicts, and corporate governance

We examine the effect of corporate governance on the use of dividends and repurchases, composition of payout, and inclusion of a pre-commitment feature in the payout policy. We find that dividend payout is decreasing in governance quality. Corporate governance has a mixed effect on repurchases: good external governance prompts managers to repurchase more and to use repurchases as the only form ...

agency theory in the corporate governance

the emergence and unprecedented growth of joint stock companies is undoubtedly one of the most significant economic developments.one of the outcomes of this development is the separation of ownership and control of the companies. such separation make it possible for the managers of the companies to make dicisions to serve their interes at the expense of the companies shareholders .this conflict...

Corporate Tax Evasion with Agency Costs