Testing out the disciplinary role of debt in Croatian banks
According to the agency theory, debt brings discipline to management and therefore, one way of reducing agency costs is by increasing the level of indebtedness. Even though there are a number of specificities of banks as corporations, this agency theory postulate should still be valid. This research...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2017-06-01
|
| Series: | Croatian Review of Economic, Business and Social Statistics |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/crebss-2017-0004 |