Workplace Injuries and the Agency Cost of Debt

2012 ◽  
Author(s):  
Jonathan B. Cohn ◽  
Malcolm Wardlaw
Keyword(s):  
Agency Cost ◽  
Cost Of Debt ◽  
Workplace Injuries ◽  
Agency Cost Of Debt

Executive risk-taking and the agency cost of debt

2021 ◽  
Author(s):  
Matthew Imes ◽  
Ronald Anderson
Keyword(s):  
Risk Taking ◽  
Agency Cost ◽  
Cost Of Debt ◽  
Agency Cost Of Debt

ON THE PRICING OF AN ISLAMIC CONVERTIBLE MORTGAGE FOR INFRASTRUCTURE PROJECT FINANCING

2002 ◽  
Vol 05 (07) ◽  
pp. 701-728 ◽  
Author(s):  
MUHAMMED-SHAHID EBRAHIM ◽  
TARIQULLAH KHAN
Keyword(s):  
Agency Cost ◽  
Rate Of Return ◽  
Cost Of Debt ◽  
Project Financing ◽  
Exogenous Variables ◽  
Muslim Countries ◽  
Fractional Ownership ◽  
Infrastructure Project ◽  
Agency Cost Of Debt ◽  
The Impact

This paper models a default-free convertible facility to finance infrastructure projects in emerging Muslim countries. The mortgage is designed as a combination of an Islamic credit facility (allowing the collateralization of debt by the assets of the firm as espoused in Scott[32], Stulz and Johnson[36]) and inclusion of real warrants (as espoused in Green[12], Haugen and Senbet[15]) to mitigate the agency cost of debt discussed in Myers[27]. Numerical simulation is employed to endogenously solve for the rate of return, tenure and fractional ownership to be conveyed to financier upon conversion of the facility without resorting to any interest based (ribawi) index. Finally, sensitivity analysis is conducted to study the impact of exogenous variables and to reconcile with the existing mainstream finance literature such as Barclay and Smith[3], Stohs and Mauer [35] and Guedes and Opler [13].

scholarly journals Investment Reversibility and Agency Cost of Debt

Econometrica ◽  
2008 ◽  
Vol 76 (2) ◽  
pp. 437-442 ◽  
Author(s):  
Gustavo Manso
Keyword(s):  
Agency Cost ◽  
Cost Of Debt ◽  
Agency Cost Of Debt

Measuring the Agency Cost of Debt

1992 ◽  
Vol 47 (5) ◽  
pp. 1887-1904 ◽  
Author(s):  
ANTONIO S. MELLO ◽  
JOHN E. PARSONS
Keyword(s):  
Agency Cost ◽  
Cost Of Debt ◽  
Agency Cost Of Debt

The Impact of Corporate Governance Structureson the Agency Cost of Debt

2001 ◽  
Vol 01 (204) ◽  
pp. 1 ◽  
Author(s):  
Jorge A. Chan-Lau ◽  
Keyword(s):  
Corporate Governance ◽  
Agency Cost ◽  
Cost Of Debt ◽  
Agency Cost Of Debt ◽  
The Impact

scholarly journals Determinants of Small Business Owner Loan

2019 ◽  
Vol 3 (2) ◽  
pp. 8
Author(s):  
Jiameng Ma
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
The United States ◽  
Agency Cost ◽  
Cost Of Debt ◽  
Business Owner ◽  
Small Business Owner ◽  
Small Business Finance ◽  
United States Economy ◽  
Agency Cost Of Debt

Shareholders and debtholders have diverging objectives. Shareholders are residual claimants whereas debtholders are fxed claimants to frm’s assets. In leveraged frms, shareholders may increase the value of their claims at the expense of debtholders. The presence of shareholders being debtholders is a smart interest alignment, providing a solution to shareholder-debtholder conflicts. This paper focuses on small businesses, which play an important role in the United States economy but are generally neglected by academia. Utilizing National Survey of Small Business Finance (NSSBF) data, this paper shows that frms with higher agency cost of debt are more likely to issue owner loan. The incidence of small business owner loan is positively associated with external lending diffculty, low shareholder agency cost and frm valuation diffculty.

Ownership Concentration, Monitoring, and the Agency Cost of Debt

1999 ◽  
Author(s):  
Holger M. Mueller ◽  
Roman Inderst
Keyword(s):  
Agency Cost ◽  
Ownership Concentration ◽  
Cost Of Debt ◽  
Agency Cost Of Debt

Institutional Investment Horizons and the Agency Cost of Debt

2017 ◽  
Author(s):  
Di Kang ◽  
Zilong Zhang ◽  
Ti Zhou
Keyword(s):  
Agency Cost ◽  
Cost Of Debt ◽  
Institutional Investment ◽  
Agency Cost Of Debt

Founding family ownership and the agency cost of debt

2003 ◽  
Vol 68 (2) ◽  
pp. 263-285 ◽  
Author(s):  
Ronald C. Anderson ◽  
Sattar A. Mansi ◽  
David M. Reeb
Keyword(s):  
Agency Cost ◽  
Cost Of Debt ◽  
Family Ownership ◽  
Founding Family ◽  
Agency Cost Of Debt
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