Agency Cost of Debt: Definition, Minimizing, Vs Cost of Equity
The article “Large shareholders and corporate control”[26] was published in the Journal of Political Economy in 1985. The paper provides a theoretical framework that illustrates the role of large shareholders in corporate governance and control. For instance, large shareholders can be crucial in solving agency problems between managers and other shareholders. In addition, they can Read more about Agency Cost of Debt: Definition, Minimizing, Vs Cost of Equity[…]