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Cited by 302

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

Measuring the Agency Cost of Debt

MELLO, ANTONIO S., PARSONS, JOHN E.·1992·The Journal of Finance
DOI 10.1111/j.1540-6261.1992.tb04687.x
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Abstract

We adapt a contingent claims model of the firm to reflect the incentive effects of the capital structure and thereby to measure the agency costs of debt. An underlying model of the firm and the stochastic features of its product market are analyzed and an optimal operating policy is chosen. We identify the change in operating policy created by leverage and value this change. The model determines the value of the firm and its associated liabilities incorporating the agency consequences of debt.

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Crossref · 10.1111/j.1540-6261.1992.tb04687.x

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Metadata

Authors
MELLO, A. S., & PARSONS, J. E.
Venue
The Journal of Finance
Publisher
Wiley
Published
1992-12
Volume
47
Issue
5
Pages
1887-1904
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.1992.tb04687.x
OpenAlex
W2117767955
Cited by
302
References
3
FWCI
6.86
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Measuring the Agency Cost of Debt. https://app.cochat.ai/papers/10.1111/j.1540-6261.1992.tb04687.x
The paper
MELLO, A. S., & PARSONS, J. E. (1992). Measuring the Agency Cost of Debt. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1992.tb04687.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.