Managerial autonomy, allocation of control rights, and optimal capital structure

Keyphrases

• Control Rights 100%
• Control Optimal 100%
• Project Choice 100%
• Managerial Autonomy 100%
• Optimal Capital Structure 100%
• High Prices 50%
• Control Design 50%
• Stock Returns 50%
• Agency Theory 50%
• Equity Issuance 50%
• Leverage Ratio 50%
• Managerial Preferences 50%
• Capital Structure 50%
• Financiers 50%
• Tax Authorities 50%
• New Investors 50%
• Security Issuance 50%
• Financial Claims 50%
• Cash Hoarding 50%

Economics, Econometrics and Finance

• Capital Structure 100%
• Investors 33%
• Price 33%
• Capital Market Returns 33%
• Agency Theory 33%