The agency theory indicates the existence of costs as a way to mitigate conflicts between shareholders and managers, including： managerial compensation program, acquisition of shares by managers, monitoring of execut...The agency theory indicates the existence of costs as a way to mitigate conflicts between shareholders and managers, including： managerial compensation program, acquisition of shares by managers, monitoring of executives, and controlling shareholders. This study aims to determine the relevance of some variables related to compensation programs and of other determinants of the corporate debt level. It has considered a sample of 89 firms, which were analyzed through logistic regression （cross section）. The model created has indicated a level of predictive assertiveness of approximately 87%.展开更多
文摘The agency theory indicates the existence of costs as a way to mitigate conflicts between shareholders and managers, including： managerial compensation program, acquisition of shares by managers, monitoring of executives, and controlling shareholders. This study aims to determine the relevance of some variables related to compensation programs and of other determinants of the corporate debt level. It has considered a sample of 89 firms, which were analyzed through logistic regression （cross section）. The model created has indicated a level of predictive assertiveness of approximately 87%.
