Taib, Fauziah Md.; Kamil, Anton Abdulbasah; Setiawan, … - In: Prague Economic Papers 2008 (2008) 2, pp. 143-156
Moral hazard agency problems take place when risky debt is issued. The dominant shareholders have opportunities to make decisions which effect wealth transfer. In several recent theories, debt-equity choice, which deals with agency problems assumes that financing and investment decisions are...