Concepedia

Bankruptcy and Agency Costs: Their Significance to the Theory of Optimal Capital Structure

Robert A. Haugen, Lemma W. Senbet

Journal of Financial and Quantitative Analysis · 1988 · 164 citations · 24 references

Concepts

ManagementFinanceAgency TheoryCapital StructureFinancial EconomicsBank LiquidationBankruptcyCapital Structure TheoryFinancial DistressFinancial RiskAgency Cost TheoryAgency Problems In FinancingLiquidation Procedure

Abstract

Robert A. Haugen, Lemma W. Senbet, Bankruptcy and Agency Costs: Their Significance to the Theory of Optimal Capital Structure, The Journal of Financial and Quantitative Analysis, Vol. 23, No. 1 (Mar., 1988), pp. 27-38

References

24

Theory of the firm: Managerial behavior, agency costs and ownership structure

Michael C. Jensen, William H. Meckling · Journal of Financial Economics · 1976 · 70.7K citations

Management, Business Economics, Corporate Governance +16

Determinants of corporate borrowing

Stewart C. Myers · Journal of Financial Economics · 1977 · 13.4K citations

Management, Business Economics, Economics +12

The Determination of Financial Structure: The Incentive-Signalling Approach

Stephen A. Ross · The Bell Journal of Economics · 1977 · 4.1K citations

Business, Business Economics, Finance +17

Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation

Sanford J. Grossman, Oliver Hart · The Bell Journal of Economics · 1980 · 3.2K citations

Management, Business Economics, Corporate Governance +15

On financial contracting

Clifford W. Smith, Jerold B. Warner · Journal of Financial Economics · 1979 · 3K citations