Sinking Funds and the Agency Costs of Corporate Debt
A sinking fund provision typically obligates the firm to amortize a portion of the debt issue prior to maturity. A sample of 169 new industrial debt issues was used to examine whether firms with certain characteristics related to agency problems tend to incorporate a sinking fund provision in the bo...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1990
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/817 |
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| Institution: | Singapore Management University |
| Language: | English |