The Impact of corporate governance mechanisms on the market valuation and agency costs of listed nonfinancial firms for the period 2002-2006

• Main Authors: Atangan, Joseph M., Balane, Madeleine V., Kaw, Nicole C., Mariano, Elaine B.
• Format: text
• Language: English
• Published: Animo Repository 2008
• Subjects: Corporate governance > Philippines; Corporations > Finance; Stock exchanges > Philippines
• Online Access: https://animorepository.dlsu.edu.ph/etd_honors/281
• Institution: De La Salle University

This paper examines the relationship among corporate governance mechanisms, market valuation and agency costs using random effects estimation. Using panel data from 2002-2006 for 66 nonfinancial firms listed in the Philippine Stock Exchange, we find that managerial ownership, ownership concentration...