Wansley, James W.; Cary Collins, M.; Dutta, Amitabh S. - In: Managerial Finance 22 (1996) 2, pp. 56-75
Recent studies have shown that the level of insider holdings and firm value are related in a nonlinear manner. Other studies find that the level of debt in a firm's capital structure declines with increases in its growth options. The principal‐agent relationship maintains that an increase in...
