New insights on the importance of agency costs for corporate debt maturity decisions
(2005)
Journal Article
Guney, Y., & Ozkan, A. (2005). New insights on the importance of agency costs for corporate debt maturity decisions. Applied financial economics letters, 1(4), 233-238. https://doi.org/10.1080/17446540500117610
This study provides new insights on the relationship between corporate debt maturity and agency costs by investigating empirically the impact of managerial ownership and the divergence between control and cash-flow rights on debt maturity. A signific... Read More about New insights on the importance of agency costs for corporate debt maturity decisions.