Can Debt Mitigate Majority-Minority Shareholders Agency Problem?

Impact of Long-term Debt on Overinvestment Problem of Agency

Business units are always faced with investment opportunities and need to make logical decisions on an optimal investment. Indeed, the investment of each business unit should be done with regard to the resource constraints and its effectiveness through the criteria for evaluating the projects including the net present value (NPV). The paper aims to investigate the effect of long-term debt on th...

Minority Challenge of Majority

Majority support of shareholders, monitoring incentive, and dividend policy

Article history: Received 5 January 2014 Received in revised form 12 October 2014 Accepted 13 October 2014 Available online 28 October 2014 As an alternative version of the side-payment model, this paper presents a demonstration of how the necessity of winning majority support of shareholders influences the relation between a blockholder's monitoring incentive and a firm's dividend policy. When...

minority, majority and their legitimacy philosophy

in this article the historical expression by martyr zaidebn e-ali on negation of forbidden majority has been described. also the majority and minority issue in the quran has been compared with current majority and minority in the political sciences. it seems that in the quran the majority which does not apply reason and does not know is the majority of opponents of prophets. thus, the majority ...

Minority on Minority Discrimination: Impact of Majority Social Norm Perception

Most of the research on prejudice has focused on majority discrimination of minority group members, but few have investigated minority to minority prejudice. This experiment studied minority group member discrimination against members of other minority groups when asked to perform activities with a group composed of either all racial majority (White) individuals, all racial minority individuals...