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"The agency theory concept was initially developed by Means and Berle (1932), who argued that due to a continuous dilution of equity ownership of large corporations, ownership and control become more and more separated. This situation provides professional managers an opportunity to pursue their own interest instead of that of shareholders. Major effort of researchers has been devoted to models in which capital structure is evaluated by agency costs".
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Explain in relation to the Agency problem by Jensen and Meckling.
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I need help in Logit using Stata I am very new in that and my supervisor wants me to use panel data ... which model is best for me and why? no idea could you help me...
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