Review of Capital Structure and Output Markets Competition Based on Agency Cost Theory

被引:0
|
作者
Shi Hai-yan [1 ]
Song Xiao-zhong [1 ]
Liang Li-juan
机构
[1] Yanshan Univ, Sch Econ & Management, Qinhuangdao 066004, Hebei, Peoples R China
关键词
agency costs; capital structure; output markets competition; the extent of competitive interaction; FINANCIAL STRUCTURE; OLIGOPOLY;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
The agency costs theory of capital structure think that firm's debt financing has two effects, decreasing or increasing agency costs of the firm. From the horizon of the two agency costs, the literatures on capital structure and Output markets competition are reviewed. The paper specially introduces a view that gives a unified framework to the different arguments and point out its deficiency and future direction in this research field.
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页码:1201 / 1205
页数:5
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