Board Diversity and Agency Cost: Evidence from Bursa Malaysia Stock Exchange
This study aims to determine how board diversity affects agency costs in Malaysia. The sample of 395 firms listed on Bursa Malaysia from 2014 to 2016 was examined in this study. All non-financial data were collected from the annual report, and financial data were composed of DataStream. In...
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Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
OPRA Publications
2023
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Subjects: | |
Online Access: | http://ir.unimas.my/id/eprint/42790/1/Journal%20Agency%20cost.pdf http://ir.unimas.my/id/eprint/42790/ https://www.multiresearchjournal.com/arclist.php?list=2023.3.5&id=1642 |
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Summary: | This study aims to determine how board diversity affects
agency costs in Malaysia. The sample of 395 firms listed on
Bursa Malaysia from 2014 to 2016 was examined in this
study. All non-financial data were collected from the annual
report, and financial data were composed of DataStream.
Increasing board size and board independence decreases the
agency's cost. This bigger board size and more independent
directors enhance better monitoring of agency costs. Future
researches suggest this study can be extended using more
sample and period of study and using other countries' data. |
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