Long-term debt and overinvestment agency problem

By Ranjan D’Mello, M. Miranda. 2010

140 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/58b7f482fbf7bf16fef488c8e0eb64ad11ae0aac

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Mª Fuensanta Cutillas Gomariz
2. J. Ballesta

In Strategy and Management

1. Mª Fuensanta Cutillas Gomariz
2. J. Ballesta

Citations in the corpus

• Financial reporting quality, debt maturity and investment efficiency (2014, background): “The role of debt in reducing managers’ discretion and disciplining their investment decisions has been discussed in the literature (Myers, 1977; Jensen, 1986), and there is some evidence that supports that debt reduces overinvestment (D’Mello and Miranda, 2010).”