Corporate Governance and Capital Structure Dynamics

Material TypeArticleLanguageEnglish
TitleCorporate Governance and Capital Structure Dynamics Author(S)ERWAN MORELLEC (Author)
Abstract  We develop a dynamic tradeoff model to examine the importance of manager–shareholder conflicts in capital structure choice. In the model, firms face taxation, refinancing costs, and liquidation costs. ...Paginationp 803–848
SubjectEconomicsDescriptorsEconomics
Journal TitleThe Journal of Finance  
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