The Agency Cost of Alternative Debt Instruments (Classic Reprint) - Softcover

Antonio Mello

 
9781332248513: The Agency Cost of Alternative Debt Instruments (Classic Reprint)

Synopsis

This book examines the impact of agency costs on a firm's capital structure and the consequent benefits of alternative debt instruments. The author demonstrates a method to calculate the significance of agency costs based on the level and design of debt. Using this method, this book is the first to provide an analytical framework for determining the optimal debt contract for a company given its specific circumstances. The result is a rigorous and practical tool for understanding the complexities of corporate finance and debt management, which will be of great interest to academics and practitioners alike.

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