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Corporate Governance,Equity Agency Cost and Performance:Empirical Evidence from Chinese Listed Company

Zhou Jian1,Yuan De-li2,Zhang Wen-long2,Chen Su-rong2 (1 School of Business,Nankai University,TianJin,30071) (2 Center of Corporate Governance Research,Nankai University,TianJin,30071)

Abstract: This paper splits the equity agency cost into two parts because the sources and related interest parties of these two costs are different.By using the random effects models and the system GMM models,to some extent we control the endogeneity problem effectively.We focuse on the relationship between corporate governance,the two kinds of equity agency cost and corporate performance.We find that the first kind of equity agency cost is the mediator between ownership concentration,management compensat... More
Keywords：

Corporate Governance; Equity Agency Cost; Corporate Performance; Mediating Effects;

Conference Name：

第六届（2011）中国管理学年会

Conference Time：

2011-09-24

Conference Place：

中国四川成都

  • Series：

    (J) Economics ＆ Management

  • Subject：

    Enterprise Economy; Enterprise Economy

  • Classification Code：

    F276.6;F272

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