The agency problem, corporate governance, and the asymmetrical behavior of selling, general, and administrative costs

• المؤلفون الرئيسيون: LU, Hai, Hai LU, SOUGIANNIS, Theodore
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2011
• الموضوعات: SG&A Cost behavior; cost asymmetry; cost stickiness; agency problem; empire building; downsizing; corporate governance; Business and Corporate Communications; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/1576; https://ink.library.smu.edu.sg/context/soa_research/article/2603/viewcontent/CHEN_et_al_2012_Contemporary_Accounting_Research__1_.pdf
• المؤسسة: Singapore Management University

Selling, general, and administrative (SG&A) costs represent a significant proportion of thecosts of business operations. On average, the SG&A costs to total assets ratio is 27 percent,compared to the research and development (R&D) to total assets ratio of 3 percent(Banker, Huang, and Nat...