TITLE:
A Review on Agency Cost in China
AUTHORS:
Ming Shao, Yaxin Wang
KEYWORDS:
Corporate Governance, Agency Theory, Agency Cost, Chinese Studies
JOURNAL NAME:
Open Journal of Business and Management,
Vol.6 No.2,
April
3,
2018
ABSTRACT: Under the modern corporate system, one of the basic problems of corporate
governance is to reduce the agency cost, but it is under the influence of the
company’s internal governance structure and external environment. Since
agency cost problems in corporate governance have been a research hot spot,
this paper teases out a profile of relevant research achievements of agency
costs from 2012 to 2017 in China, and summarizes the influence factors and
the economic consequences relating to agency cost in the form of literature
review. After some discussion and argument, this paper analyses the trend of
the existing research and puts forward the future research prospects in this
field that is spillover effect of agency costs at the macro micro level.