New York University and University of Chicago. Earlier versions of this paper have benefitted from the helpful comments of Chris Blake, Yuk-Shee Chan, Gene Fama, Larry Glosten, Rob Heinkel, Max Maksimovic, Merton Miller, Bani Mishra, David Nachman, Roy Radner, Marti Subrahmanyam, Tommy Tan, Joseph Williams and participants in seminars at Buffalo, Baruch, Illinois, Maryland, NYU, Ohio State and the AFA, EFA, and WFA. Financial support in the early stages of the project from a Batterymarch fellowship and later stages from a Salomon Brothers fellowship and an Entrepreneurial Institute Research Grant is acknowledged.
Risk-Shifting Incentives and Signalling Through Corporate Capital Structure
Article first published online: 30 APR 2012
1987 The American Finance Association
The Journal of Finance
Volume 42, Issue 3, pages 623–641, July 1987
How to Cite
JOHN, K. (1987), Risk-Shifting Incentives and Signalling Through Corporate Capital Structure. The Journal of Finance, 42: 623–641. doi: 10.1111/j.1540-6261.1987.tb04573.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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