𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Agency costs, asset specificity, and the capital structure of the firm

✍ Scribed by Jon Vilasuso; Alanson Minkler

Book ID
117349778
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
98 KB
Volume
44
Category
Article
ISSN
0167-2681

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

Agency costs, asset specificity, and the
Agency costs, asset specificity, and the capital structure of the firm
✍ Jon Vilasuso; Alanson Minkler πŸ“‚ Article πŸ“… 2001 πŸ› Elsevier Science 🌐 English βš– 98 KB

We develop a dynamic model that incorporates the insights of both the agency cost and asset specificity literature about corporate finance. In general, we find that neither can be ignored, and that the optimal capital structure minimizes agency cost and asset specificity considerations. A key findin

Asset specificity, unionization and the
Asset specificity, unionization and the firm's use of debt
✍ Joseph K. Cavanaugh; John Garen πŸ“‚ Article πŸ“… 1997 πŸ› John Wiley and Sons 🌐 English βš– 134 KB

This paper considers the combined influence of asset specificity and unionization on the firm's use of debt. While previous literature tends to examine these effects separately, we find that the interaction of the two is critical. Thus, while asset specificity may reduce debt as in , the presence of