I am grateful to Matt Billett, Jon Garfinkel, David Mauer, Yiming Qian, Jay Sa-Aadu, Anand Vijh, and an anonymous referee for many helpful comments and suggestions. I thank seminar participants at the University of Iowa, the University of Texas at San Antonio, Kansas State University, Loyola University Chicago, the University of Toronto, and the University of North Dakota. I also thank Wendy Jennings and Michael O’Doherty for careful editing and proofreading. All errors are my responsibility.
Are Debt and Incentive Compensation Substitutes in Controlling the Free Cash Flow Agency Problem?
Article first published online: 2 SEP 2009
© 2009 Financial Management Association International
Volume 38, Issue 3, pages 507–541, Autumn 2009
How to Cite
Zhang, Y. (2009), Are Debt and Incentive Compensation Substitutes in Controlling the Free Cash Flow Agency Problem?. Financial Management, 38: 507–541. doi: 10.1111/j.1755-053X.2009.01046.x
- Issue published online: 2 SEP 2009
- Article first published online: 2 SEP 2009
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