skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

UTJECAJ VLASNICKE I KAPITALNE STRUKTURE NA KRETANJE AGENCIJSKIH TROSKOVA: STUDIJA SLUCAJA VLASNICKI NISKO KONCENTRIRANIH PODUZECA REPUBLIKE HRVATSKE

Ekonomska misao i praksa, 2011-12, Vol.20 (2), p.419 [Peer Reviewed Journal]

Copyright University of Dubrovnik 2011 ;ISSN: 1330-1039 ;EISSN: 1848-963X

Full text available

Citations Cited by
  • Title:
    UTJECAJ VLASNICKE I KAPITALNE STRUKTURE NA KRETANJE AGENCIJSKIH TROSKOVA: STUDIJA SLUCAJA VLASNICKI NISKO KONCENTRIRANIH PODUZECA REPUBLIKE HRVATSKE
  • Author: Cerovic, Ljerka ; Zaninovic, Vinko ; Dukic, Nikolina
  • Subjects: agencijski troškovi ; agency costs ; Agency theory ; Business ownership ; Capital structure ; financial leverage ; financijska poluga ; Mathematical models ; ownership and capital structure ; Studies ; vlasnička i kapitalna struktura
  • Is Part Of: Ekonomska misao i praksa, 2011-12, Vol.20 (2), p.419
  • Description: The mathematical model of calculating agency costs, as presented in this paper, confirmed the hypothesis of agency theory on the impact of ownership structure on borrowing, and on a negative correlation between financial leverage and agency costs. Model was developed on a sample of companies in Great Britain, and despite its shortcomings out of which the most obvious is including those companies with a large difference in average agency costs, the same template was used to calculate the agency costs in Croatian companies. Because of the noticeable limitation, the model was partly modified, and the basic and target group of companies was introduced in the analysis. The assumption that the base group of companies has no agency costs, because they are owned by a small number of owners, should provide the estimate of the same within the target group. After the calculation of selected variables of the model, and after the dependency evaluation of independent variables of a model with the dependent one, the hypotheses about agency costs on the impact of capital structure on agency costs of companies, as well as the existence of agency costs in companies where the ownership structure is dispersed on multiple owners and interest groups were confirmed. [PUBLICATION ABSTRACT]
  • Publisher: Dubrovnik: University of Dubrovnik
  • Language: English;Croatian
  • Identifier: ISSN: 1330-1039
    EISSN: 1848-963X
  • Source: ProQuest Central
    DOAJ Directory of Open Access Journals
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait