A Theory of Capital Structure Under Moral Hazard and Asymmetric Information

A Theory of Capital Structure Under Moral Hazard and Asymmetric Information
Author :
Publisher :
Total Pages : 222
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ISBN-10 : OCLC:651670537
ISBN-13 :
Rating : 4/5 (37 Downloads)

Book Synopsis A Theory of Capital Structure Under Moral Hazard and Asymmetric Information by : Yul Wha Lee

Download or read book A Theory of Capital Structure Under Moral Hazard and Asymmetric Information written by Yul Wha Lee and published by . This book was released on 1986 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:


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Are debt and equity finance complements or substitutes? Probably complements, which means that the existence of active stock markets should increase the volume