Do Decision Makers' Debt-risk Attitudes Affect the Agency Costs of Debt?

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Endnotes

¹ This research was funded by the Cooperative Program in Agricultural Marketing and Business,
Department of Rural Economy, University of Alberta.

² Risk management may be defined as choosing among alternative strategies to reduce
risks.

³ This information was used in other analysis not dealt with in this paper.

⁴ Normative belief indicates the likelihood that a significant other would think the
respondent should approve additional borrowing. Motivation to comply captures
respondents’ willingness to do what each referent thought they should do with respect to
additional borrowing.

⁵ Model II is meant to explore the impact of additional information on DMs’ behavioural
intentions to approve additional borrowing.

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