Agency Costs, Mispricing, and Ownership Structure
收藏NBER2010-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15910
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资源简介：
Standard theories of corporate ownership assume that because markets are efficient, insiders ultimately bear agency costs and therefore have a strong incentive to minimize conflicts of interest with outside investors. We show that if equity is overvalued, however, mispricing offsets agency costs and
提供机构：
美国国家经济研究局
创建时间：
2010-04-01
