The finance literature identifies two agency problems between managers and outside shareholders. First, there is a divergence-of-interests problem as management ownership falls. Second, there is an offsetting entrenchment problem when management ownership increases within intermediate regions of ownership. Agency problems are mitigated through contracting, but contracts are often based on accou...

If menu costs have a non-negligible lump-sum component and with larger firms having greater benefits from price adjustments, then larger firms will change price more frequently than smaller firms. Data from New Zealand firms support this hypothesis. Price duration decreases as firm size increases. Ordered probit analysis indicates the effect comes primarily from larger firms being more likely t...

Why are some regions more innovative than others? We examine within– and across–region variation in the coexistence of large and small labs. Large labs may spawn spin-outs caused by innovations deemed unrelated to the firm’s overall business. Small labs generate demand for specialized services that lower entry costs for others. We develop a theoretical framework to study the interplay of these ...

Firm performance is a description of the company's condition and ability in past current period to be evaluated. The purpose study was obtain empirical evidence effect liquidity leverage on firm with size as moderating variable. conducted companies listed Indonesia Stock Exchange for 2017-2021. research sample 2,033 observations. data were processed by multiple linear regression moderated analy...

The primary aim of the research was to explore influence capital structure based on business performance in context moderating role firm size. In consideration main study, objectives were comprehend notion impact with regards size, examine factors affecting determine relationship considering address recommendations accordance performance: Secondary data collection method has been utilised attai...

Corporate groups or networks, which are defined as collections of two more legally independent firms connected through ownership ties, prevalent in both developed and developing countries. The separate effects firm centrality corporate group size on performance have been largely discussed the literature. However, effect their interaction remains underexplored. This paper attempts to fill gap by...

Previous articleNext article No AccessCareer Consequences of Firm Heterogeneity for Young Workers: First Job and SizeJaime Arellano-BoverJaime Arellano-Bover Search more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmailPrint SectionsMoreDetailsFiguresReferencesCited Journal Labor Economics Just Acce...