Revolving asset-based loans, agency theory, and capital structure

The purpose of this study is to extend the body of Agency Theory Literature to the class of relatively small firms that use the revolving Asset-Based Loan (ABL) as their major source of debt financing. Specifically, the revolving ABL structure is examined and implications for both the resolution of debt-related agency problems and the determinants of capital structure are explored.

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Authors:	Constand, Richard Lanara
Publisher:	Florida State University Libraries
Subject:	Business Administration \| Banking \| Finance

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Type of publication:	Other
Source:	BASE

Persistent link: https://www.econbiz.de/10009431541