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:: year 6, Issue 23 (2014) ::
quarterly financial accounting journal 2014, 6(23): 86-103 Back to browse issues page
Studying the impact of size and board independence on agency costs
Abstract:   (5454 Views)
This study aims to evaluate the effectiveness and independence of the board of directors on agency. The greater the number of board members as well as its independence as a regulatory mechanism to reduce agency costs considered. Also, the ratio of operating costs to sales and asset turnover as a measure of agency costs is used. A sample of 110 companies listed in Tehran Stock Exchange for a period of 2005 to 2012 are studied. In this study panel data regression analysis is used. The results suggest that the increase in board members, managers will enhance monitoring activities thus, the ratio of operating costs to sales and asset turnover (efficiency) are increased.
Keywords: Size of the board of directors, Independence of the board directors, Agency costs
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Type of Study: Applicable | Subject: Special
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Studying the impact of size and board independence on agency costs . quarterly financial accounting journal. 2014; 6 (23) :86-103
URL: http://qfaj.ir/article-1-307-en.html


year 6, Issue 23 (2014) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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