Faculty of Commerce and Business Administration, University of British Columbia. We wish to thank Michael Fishman, David Hirshleifer, Darrell Lee, Art Raviv, Eduardo Schwartz, Sheridan Titman, Keith Wong, and the participants of Finance Workshops at Berkeley, British Columbia, Carnegie Mellon, University of Chicago, University of Columbia, University of Guelph, INSEAD, London Business School, Maryland, Minnesota, Stanford, USC, UC Irvine, Vanderbilt University, Wharton, the Federal Reserve Bank at Philadelphia and the 1990 WFA and AFA meetings. We are grateful for financial support from the Canadian Social Science and Humanities Research Council, Operating Grant number 410–91–0794.
Debt, Agency Costs, and Industry Equilibrium
Article first published online: 30 APR 2012
1991 The American Finance Association
The Journal of Finance
Volume 46, Issue 5, pages 1619–1643, December 1991
How to Cite
MAKSIMOVIC, V. and ZECHNER, J. (1991), Debt, Agency Costs, and Industry Equilibrium. The Journal of Finance, 46: 1619–1643. doi: 10.1111/j.1540-6261.1991.tb04637.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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