Aghion, Philippe; Dewatripont, Mathias; Rey, Patrick - European Science Foundation Network in Financial … - 1990
One of the main decisions facing firms is that of a choice of a capital structure, and in particular the choice of debt … stemming from the separation between ownership and control are important, or on control as a motive for the issue of debt or … equity. These approaches have left open the question of the coexistence of debt and equity in a world where optimal financial …