أثر مكونات هيكل الملكية على تكاليف الوكالة للبنوك المدرجة في بورصة فلسطين : دراسة تطبيقية

Abstract EN

The purpose of this study is to identify both the types of ownership structures (Concentration of Ownership, Board Ownership, Institutional Ownership, and Foreign Ownership), on the Agency's costs.

And used the method of fixed effects of analysis of cross sectional data over time (Panel Data), And multiple regression analysis method to test the study hypotheses, through the use of (E-Views) statistical program, and The study population consisted of all (6) banks listed on the Palestine Exchange for a period of (10) years during the study period between (2009-2018).

A comprehensive survey method was used in the selection of the sample except the investment bank, which did not have necessary data to conduct the analysis during the study period.

The results of the study concluded that both the Concentration of ownership and the ownership of the Board of Directors positively affect the costs of the Agency in the banks listed on the Palestine Exchange.

The institutional ownership variable adversely affects agency costs, while the foreign ownership variable has not effect on agency costs.

and recommends the need to pay attention to institutional ownership by selecting their experienced and competent representatives and developing their oversight tools, and to encourage foreign investment.