๐”– Bobbio Scriptorium
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Explaining Firm Capital Structure: The Role of Agency Theory vs. Transaction Cost Economics

โœ Scribed by Rahul Kochhar


Book ID
121287897
Publisher
John Wiley and Sons
Year
1996
Tongue
English
Weight
458 KB
Volume
17
Category
Article
ISSN
0143-2095

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Agency costs, asset specificity, and the
โœ Jon Vilasuso; Alanson Minkler ๐Ÿ“‚ Article ๐Ÿ“… 2001 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 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