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Managerial Ownership, Horizontal Agency Costs and Monitoring Mechanisms

Table 3:

MC Coef. Std. Err. z P>z
Managerial Ownership -0.046 0.004 -12.27 0.000
Horizontal-agency-costs 0.225 0.125 1.8 0.072
Company Performance 2.649 1.007 2.63 0.009
Company’s Complexity 0.263 0.017 15.4 0.000
_cons 2.760 0.216 12.78 0.000
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