2018
DOI: 10.22441/mix.2018.v8i1.002
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Investment Decision in the Agency Theory Framework

Abstract: Abstract. This studies aims to observe the development of literature on company investment decisions and to decide what research should be conducted further on company investment decisions in the theoretical framework of agency theory. The methods used were bibliometric network analysis and literature review. This study has mapped out the literature on company investment decisions based on agency theory. This study shows that the topics on competition research, corporate governance, and capital structure are c… Show more

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Cited by 6 publications
(5 citation statements)
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“…Berdasarkan hasil penelitian Nugroho, Firdaus, Andati, & Irawan (2018), agency theory mampu menjelaskan hubungan antara corporate governance dengan keputusan investasi perusahaan. Menurut Chen & Lin (2012) mekanisme di dalam corporate governance dapat mengatasi agency problem dan membantu mengimplementasikan keputusan investasi yang efisien.…”
Section: Tinjauan Literatur Dan Pengembangan Hipotesisunclassified
“…Berdasarkan hasil penelitian Nugroho, Firdaus, Andati, & Irawan (2018), agency theory mampu menjelaskan hubungan antara corporate governance dengan keputusan investasi perusahaan. Menurut Chen & Lin (2012) mekanisme di dalam corporate governance dapat mengatasi agency problem dan membantu mengimplementasikan keputusan investasi yang efisien.…”
Section: Tinjauan Literatur Dan Pengembangan Hipotesisunclassified
“…Selanjutnya Jensen dan Meckling (1976) memperkenalkan Agency Theory yang membahas tentang perilaku manajerial, biaya agensi dan struktur kepemilikan. Dalam teori ini, kaitan antara growth opportunity dengan struktur modal dapat diprediksi, dimana semakin tinggi growth opportunity yang tercipta maka semakin tinggi kesempatan perusahaan dalam mendapatkan tambahan modal dari investasi [28]. Ketiga terdapat Ross yang mengembangkan Signaling Theory (1977) memberikan keterangan bahwa struktur modal yang berasal dari utang dapat dijadikan sebagai pertanda sinyal baik atau buruk bagi perusahaan.…”
Section: Struktur Modalunclassified
“…Como uma tentativa de solucionar problemas de agência consequentes da separação entre controle e propriedade, destaca-se a governança corporativa que, a partir de um conjunto de restrições às ações dos gestores, busca reduzir a alocação inadequada de recursos dos investidores (Shleifer e Vishny, 1997;Corrêa et al, 2015;Prado, 2019). Nugroho et al (2018) identificaram que em mercados altamente competitivos, os administradores são instigados a se envolverem em investimentos de maior risco.…”
Section: Referencial Teóricounclassified
“…Empresas que inovam seus processos podem ter maior facilidade na obtenção de capital a partir dos bancos, o que permite a ampliação do débito. Nugroho et al (2018) chamam atenção para o fato de que empresas com maior credibilidade no mercado, intensificada por maiores níveis de governança corporativa, apresentam maior facilidade em se alavancarem para fins de investimentos. Ademais, é importante considerar as restrições financeiras a que as organizações estão sujeitas, no sentido de que por mais que existam custos em se obter capital de terceiros, as empresas nem sempre serão capazes de autofinanciarem seus investimentos (Meyer e Kuh, 1957;Myers e Majluf, 1984;Fazzari et al, 1988).…”
Section: Referencial Teóricounclassified