Author:Johnson, S.A.
Title:The effect of bank debt on optimal capital structure
Journal:Financial Management
1998 : SPRING, VOL. 26:4, p. 47-56
Index terms:capital structure of companies
financial management
Language:eng
Abstract:An optimal debt level is determined in most capital structure models by weighing various leverage related costs against leverage related benefits. Several leverage related costs are determined largely by the information a banking firm have on a specific firm. This article studies the effects of bank screening and monitoring on capital structure of a firm.
SCIMA record nr: 179476
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