Capital Structure as a Control Mechanism in Corporations.
This paper gives a brief discussion of some recent work on the theory of the firm. Particular emphasis is placed on the rol e that a firm's capital structure can play in keeping management in c heck (via the market for corporate control). Some directions for futu re research are suggested.
Year of publication: |
1988
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Authors: | Hart, Oliver D. |
Published in: |
Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 21.1988, 3, p. 467-76
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Publisher: |
Canadian Economics Association - CEA |
Saved in:
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