The Effect of Capital Structure When Expected Agency Costs are Extreme
收藏NBER2001-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8452
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资源简介：
We provide new evidence that debt creates shareholder value for firms that face agency costs. Our tests are unique in two respects. First, we focus on a sample of firms with potentially extreme agency problems. We study emerging market firms where the routine use of pyramid ownership structures
提供机构：
美国国家经济研究局
创建时间：
2001-09-01
