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



Current Agriculture, Food & Resource Issues

G. Hailu, E. W. Goddard and S. R. Jeffrey

Safieddine, A., and S. Titman. 1999. Leverage and corporate performance: Evidence from
unsuccessful takeovers.
The Journal of Finance 54(2): 547-580

Sexton, R. J., B. M. Wilson, and J. J. Wann. 1989. Some tests of economic theory of
cooperatives: Methodology and application to cotton ginning.
Western Journal of
Agricultural Economics
14(1): 56-66.

Stulz, R. M. 1988. Managerial control of voting rights: Financing policies and the market
for corporate control.
Journal of Financial Economics 13:137-151.

Tufano, P. 1998. The determinants of stock price exposure: Financial engineering and the
gold mining industry.
Journal of Finance 53(3): 1015-1052.

Weber, E. U., and C. Hsee. 1998. Cross-cultural differences in risk perception, but cross-
cultural similarities in attitudes towards perceived risk.
Management Science 44(9):
1205-1217.

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.

80



More intriguing information

1. The name is absent
2. ISO 9000 -- A MARKETING TOOL FOR U.S. AGRIBUSINESS
3. Insecure Property Rights and Growth: The Roles of Appropriation Costs, Wealth Effects, and Heterogeneity
4. Dendritic Inhibition Enhances Neural Coding Properties
5. The name is absent
6. Endogenous Heterogeneity in Strategic Models: Symmetry-breaking via Strategic Substitutes and Nonconcavities
7. Behaviour-based Knowledge Systems: An Epigenetic Path from Behaviour to Knowledge
8. The name is absent
9. What Drives the Productive Efficiency of a Firm?: The Importance of Industry, Location, R&D, and Size
10. Confusion and Reinforcement Learning in Experimental Public Goods Games