A Rationale for Debt Maturity Structure and Call Provisions in the Agency Theoretic Framework
- 1 December 1980
- journal article
- Published by JSTOR in The Journal of Finance
- Vol. 35 (5) , 1223-1234
- https://doi.org/10.2307/2327095
Abstract
The agency costs of debt are introduced in this paper to explain the existence of complex financial instruments. Two areas of complexities are discussed in detail: the call provision and the maturity...Keywords
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