International Journal of Academic Multidisciplinary Research (IJAMR)   Year: 2023 | Volume: 7 | Issue: 2 | Page No.: 156-162 Corporate Governance Practice and Agency Cost among Selected Firms Listed At Dar Es Salaam Stock Exchange In Tanzania Download PDF Bernard B. Mlilile, Twamzihirwa D. Sifuni, Abel F. Moshi Abstract: This study evaluated the effectiveness of the corporate governance practice in minimizing costs born from agency problem within firms listed in Dar Es Salaam Stock Exchange (DSE). The used panel data collected during a period of 2014 up to 2020 and analyzed using fixed effect model. The major finding shows that small size of Board, lower the ownership of Director and small Share of the stakeholders has lower impact on agency. The size of Board implies lowering the agency cost meanwhile when Director Ownership goes up the agency cost goes down. Moreover, when Equity/Share increases the agency cost decreases. However, the finding revealed that CEO Duality had no impact on agency cost and may not influence agency cost. Moreover, the result indicated that only ownership concentration had positive impact on agency cost which revealed that when ownership concentration increases, agency cost increases too. This signifies that ownership concentration play significant role in raising agency cost. The paper recommends that small size of the Board, ownership of Director and Share of the stakeholders may be promoted through increasing stakeholder's participation. Additionally, ownership concentration should be decreases on the firms listed at DSE in order to minimize agency cost.