Exploring factors affecting shareholders’ funds within the conflict of interest posed by the executives of the company
This paper investigates the relationship between several factors and the shareholders’ funds within the conflict of interest posed by the executives of the company in 100 companies listed on the London Stock Exchange (LSE). Management decision on corporate performance may affect shareholders’ funds...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2010
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| Online Access: | https://eprints.nottingham.ac.uk/24006/ |
| _version_ | 1848792681012002816 |
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| author | Zhang, Xiang |
| author_facet | Zhang, Xiang |
| author_sort | Zhang, Xiang |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This paper investigates the relationship between several factors and the shareholders’ funds within the conflict of interest posed by the executives of the company in 100 companies listed on the London Stock Exchange (LSE). Management decision on corporate performance may affect shareholders’ funds under manager-shareholders conflict arising from asymmetric information. We found a significant relationship between provisions and shareholders’ funds. Furthermore, we also found financial distress, non-audit fees, return on total assets (ROA) and inventory to be significant associated with shareholders’ funds while earning management, executive remunerations and subsidiary are not. The result is robust with respect to different industries. |
| first_indexed | 2025-11-14T18:48:16Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-24006 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:48:16Z |
| publishDate | 2010 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-240062018-02-17T10:28:03Z https://eprints.nottingham.ac.uk/24006/ Exploring factors affecting shareholders’ funds within the conflict of interest posed by the executives of the company Zhang, Xiang This paper investigates the relationship between several factors and the shareholders’ funds within the conflict of interest posed by the executives of the company in 100 companies listed on the London Stock Exchange (LSE). Management decision on corporate performance may affect shareholders’ funds under manager-shareholders conflict arising from asymmetric information. We found a significant relationship between provisions and shareholders’ funds. Furthermore, we also found financial distress, non-audit fees, return on total assets (ROA) and inventory to be significant associated with shareholders’ funds while earning management, executive remunerations and subsidiary are not. The result is robust with respect to different industries. 2010-09-23 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/24006/1/Dissertation-Xiang_Zhang.pdf Zhang, Xiang (2010) Exploring factors affecting shareholders’ funds within the conflict of interest posed by the executives of the company. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | Zhang, Xiang Exploring factors affecting shareholders’ funds within the conflict of interest posed by the executives of the company |
| title | Exploring factors affecting shareholders’ funds within the conflict of interest posed by the executives of the company |
| title_full | Exploring factors affecting shareholders’ funds within the conflict of interest posed by the executives of the company |
| title_fullStr | Exploring factors affecting shareholders’ funds within the conflict of interest posed by the executives of the company |
| title_full_unstemmed | Exploring factors affecting shareholders’ funds within the conflict of interest posed by the executives of the company |
| title_short | Exploring factors affecting shareholders’ funds within the conflict of interest posed by the executives of the company |
| title_sort | exploring factors affecting shareholders’ funds within the conflict of interest posed by the executives of the company |
| url | https://eprints.nottingham.ac.uk/24006/ |