Η επίδραση του κόστους αντιπροσώπευσης στην αξία και την κερδοφορία των επιχειρήσεων
Agency costs and firm profitability & value
View/
Keywords
Ιδιοκτησιακή δομή ; Εταιρική διακυβέρνηση ; Κόστος αντιπροσώπευσης ; Συναλλαγές με συνδεδεμένα μέρη ; Νομικές παραβάσεις ; Εταιρική αξία ; Συγκρούσεις μετόχων - διευθυντικών στελεχών ; Υπό επένδυση ; Υπέρ επένδυσηAbstract
The intricate nature of present-day business practices has necessitated the development of current business structures that emphasise a clear division between ownership and management of contemporary companies. The intricate nature of present-day business practices has necessitated the development of current business structures that emphasise a clear division between ownership and management of contemporary companies. The intricate nature of present-day business practices has necessitated the development of current business structures that emphasise a clear division between ownership and management of contemporary companies. This has brought to the forefront a critical matter that has fueled various perceptions and apprehensions, that being the problem of conflicting interests. As a result, the concept of agency costs has emerged and the potential negative effects it could have on company performance and reputation have been explored. Using economic data from the last two decades, this study aims to investigate the influence of agency costs on the market value of large companies listed on the American stock exchange.
Specifically, we concentrate on the adverse impact of agency costs on firm performance by creating conflicting interests between shareholders and managers. The study examines the areas where these conflicts arise, their effects, and the degree to which they reduce the value of the firm. Also, within the current business context, we examine the methods obtainable to alleviate this occurrence by conducting a literature review on this subject from a global perspective.