Impact of Long-term Debt on Overinvestment Problem of Agency

Business units are always faced with investment opportunities and need to make logical decisions on an optimal investment. Indeed, the investment of each business unit should be done with regard to the resource constraints and its effectiveness through the criteria for evaluating the projects includ...

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Bibliographic Details
Main Authors: Azade Shahab, Mohammad Mohammad Zaheri, Nahid Asadi
Format: Article
Language:English
Published: Islamic Azad University of Arak 2017-12-01
Series:Advances in Mathematical Finance and Applications
Subjects:
Online Access:http://amfa.iau-arak.ac.ir/article_536269_ed0de905a7533a6243771e7d6cc412ba.pdf