HIGHLIGHTS
- who: HLS User from the This Article was downloaded from University`s DASH repository, and is made available have published the research work: The Institutions of Corporate Governance, in the Journal: (JOURNAL) of October/15,/2003
- what: We have reviewed the institutions of corporate governance.
- future: And lots of debt can distort equity owners` incentives pushing them toward unwarranted high risks limiting financing of future projects due to the debt-overhang effect (Myers ) or inducing other bankruptcy and recapitalization costs.
SUMMARY
Although my primary focus here is on American . . .
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