Agency costs in public transport systems: Net-cost contracting between the transport authority and private operators - impact on passengers

Analysis of Financial Performance of Pdams Affected By Environmental Performance and Environmental Accounting with Agency Cost Mediation

“…all. (2014), Cartinez et.all (2019), and Varela (2017) where agency costs can improve corporate financial performance (Canitez et al, 2019;Layyinaturrobaniyah et al, 2014;Varela, 2017) and these results are also in accordance with research conducted by Muclas and Alamsyah (2017) where agency cost has not consistently influenced financial performance, whereas in this study financial performance has decreased (Muchlas & Alamsyah, 2017). Regarding the environmental performance carried out by the PDAM, with the existence of agency cost, the environmental performance has turned negative to positive.…”

“…Another thing, family companies in Indonesia that do not provide high agency costs, the performance of the company is low which results in decreased financial performance (Layyinaturrobaniyah et al, 2014). This also happens to transport companies in Turkey that provide low agency costs and cause the performance of these transportation companies to be low (Canitez et al, 2019). From the previous research, the relationship between financial and environmental performance mediated by agency cost is: H4 = Agency cost mediation on environmental performance positively influences financial performance.…”

“…Other research states that the type of company ownership in the form of family ownership can weaken agency costs thereby reducing company performance (Layyinaturrobaniyah et al, 2014). Transportation companies in Turkey that provide agency costs under government policies have an impact on the decline in performance of public transportation services (Canitez et al, 2019). Managers who work very well so that the company's financial performance increases due to high agency costs (Varela, 2017).…”

“…Agency costs are costs incurred by the company owner to the manager where the amount of these costs must be reasonable. These costs affect the asset utilization ratio and have an impact on company performance (Layyinaturrobaniyah, Sudarsono, & Fitriyana, 2014), financial performance (Muchlas & Alamsyah, 2017;Varela, 2017), and service quality (Canitez, Alpkokin, & Black, 2019). Therefore, the cost of a company owner to pay managers influences the company's financial performance.…”

Barriers and Challenges for the Implementation of the Integrated Tariff in Ukraine on the Case of Kyiv City

“…Canitez i in. w swojej pracy zwracają uwagę na takie wyzwania jak określenie kryteriów wyników poprzez odniesienie do stałych klientów, punktualność, niezawodność czy regularność (Canitez, Alpkokin, Black, 2019). Zwracają oni również uwagę, że wdrożenie nowego systemu wymaga przeszkolenia pracowników w zakresie zarządzania relacjami z klientami w szerszym kontekście zarządzania umowami, a także w zakresie technik zarządzania danymi.…”