The Impact of Corporate Governance Structures on the Agency Cost of Debt /

This paper uses a stochastic continuous time model of the firm to study how different corporate governance structures affect the agency cost of debt. In the absence of asymmetric information, it shows that control of the firm by debtholders with a minority stake delays the exit decision and reduces...

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Detalles Bibliográficos
Autor principal: Chan-Lau, Jorge
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2001.
Colección:IMF Working Papers; Working Paper ; No. 2001/204
Acceso en línea:Full text available on IMF