This paper investigates equity ownership and capital structure determinants of New Zealand-listed firms. This study is an extension from previous studies conducted by Boyle & Eckhold (1997) and Wellalage & Locke (2012). Boyle & Eckhold and Wellalage & Locke examine capital structure choices in...

This paper investigates equity ownership and capital structure determinants of New Zealand-listed firms. This study is an extension from previous studies conducted by Boyle & Eckhold (1997) and Wellalage & Locke (2012). Boyle & Eckhold and Wellalage & Locke examine capital structure choices in...

This paper discusses a small business based investigation of principal-agent and principal-principal dimensions of agency cost. Panel data for 11 years to 2008, covering a sample of small businesses not listed on a stock exchange, are examined using multivariate statistical techniques. The...

The study uses panel data to investigate agency costs, both principal-agent (PA) and principal-principal (PP), in 240 small businesses not listed on the New Zealand Stock Exchange. Results show that both forms of agency cost vary according to industry, the life of the business and size. The...

This paper explores the relationship between ownership structure and cost of capital. Prior studies have established links between ownership structure, firm performance and cost of capital but their results are mixed and inconclusive. As ownership structure is one of the important issues faced...