Nofitasari Chamidah, Nadia Asandimitra
The objectives of this study are to investigate the effect of leverage, independent commissioners, board size, managerial ownership, institutional ownership, and audit committee on agency cost in manufacturing companies listed in Indonesian Stock Exchange period 2011-2015. The agency cost is proxied by expenses ratio. Data analysis technique is used multiple linear regression. The results of the study showed that all independent variables affect the agency cost simultaneously. Then, it partially indicates that leverage, managerial ownership and institutional ownership have negative effect on agency cost, while there is no effect of independent commissioner, board size and audit committee found on agency cost. © Serials Publications Pvt. Ltd.
Department of Management, Faculty of Economics, State University of Surabaya, Kampus UNESA Ketintang Gedung G5, Surabaya, East Java, 60231, Indonesia
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