The agency problem, corporate governance, and the asymmetrical behavior of selling, general, and administrative costs

The agency problem, corporate governance, and the asymmetrical behavior of selling, general, and administrative costs

Selling, general, and administrative (SG&A) costs represent a significant proportion of thecosts of business operations. On average, the SG&A costs to total assets ratio is 27 percent,compared to the research and development (R&D) to total assets ratio of 3 percent(Banker, Huang, and Nat...

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Bibliographic Details
Main Authors: LU, Hai, Hai LU, SOUGIANNIS, Theodore
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
SG&A Cost behavior
cost asymmetry
cost stickiness
agency problem
empire building
downsizing
corporate governance
Business and Corporate Communications
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/soa_research/1576
https://ink.library.smu.edu.sg/context/soa_research/article/2603/viewcontent/CHEN_et_al_2012_Contemporary_Accounting_Research__1_.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soa_research/1576
https://ink.library.smu.edu.sg/context/soa_research/article/2603/viewcontent/CHEN_et_al_2012_Contemporary_Accounting_Research__1_.pdf

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