The corporate uses of debt
South African Journal of Business Management
| Field | Value | |
| Title | The corporate uses of debt | |
| Creator | Davidson, Sinclair Rapp, Laurence | |
| Description | In this article we consider the use of debt by South African firms. There are two possible uses of debt: firstly, it is a method of raising finance and secondly, a method of corporate governance. Within the South African corporate environment it is not clear whether firms would use debt for both or either of these purposes. We are unable to find evidence in favour of Modigliani and Miller's proposition one or proposition two. It appears that firms do not use debt for corporate governance purposes and we present evidence that there could be an agency problem inherent within the structure of South African business. | |
| Publisher | AOSIS | |
| Date | 1995-09-30 | |
| Identifier | 10.4102/sajbm.v26i3.828 | |
| Source | South African Journal of Business Management; Vol 26, No 3 (1995); 90-96 2078-5976 2078-5585 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajbm.org/index.php/sajbm/article/view/828/762
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