Title :
Notice of Retraction
Research on the Preventive Effect of Capital Structure on Moral Hazard: A Case Study of Chinese Listed Companies
Author :
Bingsheng Zhao ; Jinan Liu
Author_Institution :
Dept. of Finance, Changchun Taxation Coll., Changchun, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Classic financial theory suggests that the external environment is effective, and there is no agent problem in corporate finance decision-making. However, actual market always deviates from the efficient market, corporate finance decision-making need to take into account manager´s moral hazard. In this paper, we analyze the effect of capital structure on over-investment and on-the-job consumption. It provides basis and reference for strengthen corporate governance, guard against the risk of moral hazard.
Keywords :
decision making; investment; regression analysis; risk management; capital structure preventive effect; chinese company; classic financial theory; corporate finance decision-making; investment; moral hazard risk; multivariable logic regression; Costs; Decision making; Educational institutions; Ethics; Finance; Financial management; Hazards; Investments; Linear regression; Logic design;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
DOI :
10.1109/ICMSS.2009.5305244
