Debt, Agency Costs, and Industry Equilibrium

• 1 December 1991
• journal article
• Published by JSTOR in The Journal of Finance
• Vol. 46  (5) , 1619-1643
• https://doi.org/10.2307/2328566

Abstract

Keywords

• AGENCY COSTS
• DEBT
• TAX
• INDUSTRY EQUILIBRIUM
• CAPITAL STRUCTURE
• INVESTMENT
• RISK CHARACTERISTICS
• ENDOGENOUSLY DETERMINED
• EQUITYHOLDERS