Academic Journals Database
Disseminating quality controlled scientific knowledge

RECENT DEVELOPMENT OF THE AGENCY THEORY AND CAPITAL STRUCTURE

ADD TO MY LIST
 
Author(s): Chikashi TSUJI

Journal: Economics and Finance Review
ISSN 2047-0401

Volume: 1;
Issue: 6;
Start page: 94;
Date: 2011;
VIEW PDF   PDF DOWNLOAD PDF   Download PDF Original page

Keywords: Agency costs | asymmetric information | agency theory | capital structure.

ABSTRACT
This paper aims at updating our understanding of recent research development of the agency theory and capital structure issues. For this purpose, we first introduce the recent studies regarding the theoretical development of the agency theory and capital structure issues. Then, we survey the studies that provide the US empirical evidence. We further survey the studies supplying the international empirical evidence other than US. Finally, we introduce the evidence of the agency theory and capital structure issues from the survey research.

Tango Rapperswil
Tango Rapperswil

    
RPA Switzerland

Robotic Process Automation Switzerland