Browsing BI Open by Author "Elkahmi, Redouane"
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Agency Conflicts and Investment: Evidence from a Structural Estimation
Elkahmi, Redouane; Kim, Daniel; Jo, Chanik; Salerno, Marco (Peer reviewed; Journal article, 2022)We develop a dynamic capital structure model to study how agency conflicts between managers and shareholders affect the joint determination of financing and investment decisions. We show that there are two agency conflicts ... -
Agency Conflicts and Investment: Evidence from a Structural Estimation
Elkahmi, Redouane; Kim, Daniel; Jo, Chanik; Salerno, Marco (Peer reviewed; Journal article, 2022)We develop a dynamic capital structure model to study how agency conflicts between managers and shareholders affect the joint determination of financing and investment decisions. We show that there are two agency conflicts ...