Capital Structure Choice when Managers are in Control: Entrenchment versus Efficiency
收藏NBER1995-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5384
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资源简介：
Recent capital structure theories have emphasized the role of debt in minimizing the agency costs that arise from the separation between ownership and control. In this paper we argue that capital structure choices themselves are affected by the same agency problem. We show that, in general, the
提供机构：
美国国家经济研究局
创建时间：
1995-12-01
