Capital structure and corporate governance of soccer clubs

Abstract

Capital structure and corporate governance of soccer clubs: European evidence Panagiotis Dimitropoulos Article information:To cite this document: Panagiotis Dimitropoulos , (2014),"Capital structure and corporate governance of soccer clubs", Management Research Review, Vol. 37 Iss 7 pp. 658 -678 Permanent link to this document: http://dx.

Board Structures dan Value-Added Intellectual Capital: Studi Kasus pada Industri Barang Konsumsi dan Perdagangan Indonesia

“…Hal yang mendasar dari agency problem adalah karena adanya pemisahaan antara ownership dan control (Hennessey, 2015;Dawar, 2014;Cho and Wu, 2014;Krause and Semadeni, 2013;Shleifer and Vishny, 1997;Jensen and Meckling, 1976). Corporate governance dapat digunakan sebagai mekanisme pemonitoran untuk mengurangi konflik kepentingan antara para managers dan stakeholders (Hennessey, 2015;Dimitropoulos, 2014;Cho and Wu, 2014). Terdapat beberapa cara untuk mengurangi agency problem dalam hubungannya dengan corporate governance (Patel, et al, 2002) yaitu dengan adanya board of directors yang vigilant, dengan adanya pengungkapan atas informasi keuangan yang tepat waktu dan cukup, dan bahkan dengan adanya struktur kepemilikan yang transparan.…”

Corporate Governance: International Context and Trends from 2005 to 2015

“…The capital structure is important in the case of European football clubs, in which corporate governance mechanisms such as the size, independence, and ownership of the board of directors reduce the clubs' financial instability (Dimitropoulos, 2014). In the United Arab Emirates, the relationship between corporate governance and the capital structure has been confirmed.…”

The effect of good corporate governance on capital structure in financial sector firms listed on the Indonesia stock exchange over the period of 2012-2016

“…Increasing costs make the company must fund the excess expenditure which increases the company's burden. Dimitropoulos (2014) conducted research on the capital structure and governance of European football clubs. This study used the debt ratio as the de-pendent variable.…”

“…In the research conducted by Dimitropoulos (2014), the board size has a negative influence on the debt ratio, meaning the larger the board size, the less the use of debt in the company. According to the argument of Goodstein et al (1994), Psaros (2009) & Reddy et al (2010 in Dimitropoulos (2014), the board of commissioners who have high positions provide increased expertise, greater monitoring, and access to a broader range of contracts and resources. This makes the company have a more efficient and trusted performance by stakeholders because it is able to increase resources to use creditors as supervisors.…”