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The Effects of Agency Problems on the Financial Behavior, Performance, and Efficiency of German Industrial Stock Corporations / (Record no. 615550)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01377nam a2200169Ia 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 260225s9999 xx 000 0 und d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| ISBN | 9783631345740 |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 338.740943 |
| Item number | WOL |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Wolf, J. Benedict |
| 245 #0 - TITLE STATEMENT | |
| Title | The Effects of Agency Problems on the Financial Behavior, Performance, and Efficiency of German Industrial Stock Corporations / |
| Statement of responsibility, etc | Wolf, J. Benedict |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Name of publisher | Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften, |
| Year of publication | 1999 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | 456 pages |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | Using a catalog of seven agency problem identifier variables such as block ownership and market segment traded in, 237 German industrial stock corporations are analyzed for the time period 1986-1992. Five sectors are also analyzed separately. Agency-problem related differences in financial behavior, performance, and cost efficiency are tested for using t-tests for mean differences and logistic regressions. The cost efficiency is estimated via stochastic maximum likelihood frontier functions. Manager-controlled firms prefer free cash flows as predicted. Owners favor debt and avoid new stock issues. Contrary to theory, manager-controlled companies do not show a poorer performance than owner-controlled firms. They do, however, operate more inefficiently than firms controlled by owners. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | Business & Economics |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | English Books |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Shelving location | Date acquired | Full call number | Accession Number | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Anna Centenary Library | Anna Centenary Library | 4TH FLOOR, A WING | 25.02.2026 | 338.740943 WOL | 219611 | 25.02.2026 | English Books |