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Simultaneous Effect on Debt and Managerial Ownership: Agency Theory Framework

KINERJA: Journal of Business and Economics

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Field Value
 
Title Simultaneous Effect on Debt and Managerial Ownership: Agency Theory Framework
 
Creator Akhbar, Taufik
 
Subject —
 
Description This study aims to examine the debt policy and managerial ownership as tools to control the agency conflict. Debt policy and managerial ownership used in controlling agency conflicts have several considerations such as the risk of the company, the company's growth and the presence of institutional ownership in a company. The variables used in this study include earnings volatility as a measure of corporate risk, growth companies, managerial ownership, institutional ownership, debt policy, and total assets as a control. Furthermore, an analysis by means of regression models with simultaneous Two Stage Least Square method was used. The results found in this study stated that the risk factors, the growth of the company, as well as the existence of institutional ownership affect debt policy and managerial ownership control of the company within the framework of the agency conflict. This indicates that the use of policies to control the agency conflict must consider these three factors. Keywords: agency conflict, debt policy, managerial ownership
 
Publisher Faculty of Economics Universitas Atma Jaya Yogyakarta
 
Contributor —
 
Date 2017-09-16
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://ojs.uajy.ac.id/index.php/kinerja/article/view/1276
10.24002/kinerja.v21i2.1276
 
Source KINERJA; Vol 21, No 2 (2017): KINERJA; 201-213
2549-1709
0853-6627
 
Language eng
 
Relation https://ojs.uajy.ac.id/index.php/kinerja/article/view/1276/1016
 
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