Constand, Richard L.; Osteryoung, Jerome S.; Nast, Donald A. - In: Journal of Entrepreneurial Finance 1 (1991) 1, pp. 15-28
Small firms that do not have access to organized financial markets must often rely on secured commercial loans for their debt financing. In large firms, debt-related agency problems are often resolved through the bond pricing process in the formal debt markets. When these same debt-related...
