This book presents a rigorous way to value a firm and its liabilities when agency costs shape decisions. It shows how new debt instruments can broaden what a company can safely borrow, and when they do or don’t help.

Learn how traditional models miss key links between capital structure and management actions.
See how contingent claims and agency theory combine to measure the value of different debt designs.
Discover when commodity‑linked bonds can increase a firm’s debt capacity and improve outcomes for equity holders.
Understand the practical steps researchers use to compare bond types and assess real‑world applicability.

Ideal for readers of corporate finance who want a deeper, model‑based look at debt design and firm value.

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