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Corporate Debt Value, Bond Covenants, and optimal Capital Structure
 JOURNAL OF FINANCE
, 1994
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Insiders and Outsiders: The Choice between Informed and Arm'sLength Debt
, 1991
"... While the benefits of bank financing are relatively well understood, the costs are not. This paper argues that while informed banks make flexible financial decisions which prevent a firm's projects from going awry, the cost of this credit is that banks have bargaining power over the firm's ..."
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Cited by 868 (16 self)
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's profits, once projects have begun. The firm's portfolio choice of borrowing source and the choice of priority for its debt claims attempt to optimally circumscribe the powers of banks.
The Role of Demandable Debt in Structuring Optimal Banking Arrangements
 AMERICAN ECONOMIC REVIEW
, 1991
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Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
, 1976
"... This paper integrates elements from the theory of agency, the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm. We define the concept of agency costs, show its relationship to the ‘separation and control’ issue, investigate the nature of ..."
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Cited by 3043 (12 self)
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of the agency costs generated by the existence of debt and outside equity, demonstrate who bears costs and why, and investigate the Pareto optimality of their existence. We also provide a new definition of the firm, and show how our analysis of the factors influencing the creation and issuance of debt
Agency costs of free cash flow, corporate finance and takeovers
 American Economic Review
, 1986
"... The interests and incentives of managers and shareholders conflict over such issues as the optimal size of the firm and the payment of cash to shareholders. These conflicts are especially severe in firms with large free cash flows—more cash than profitable investment opportunities. The theory develo ..."
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Cited by 2311 (11 self)
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The interests and incentives of managers and shareholders conflict over such issues as the optimal size of the firm and the payment of cash to shareholders. These conflicts are especially severe in firms with large free cash flows—more cash than profitable investment opportunities. The theory
Financial Intermediation and Delegated Monitoring
 Review of Economic Studies
, 1984
"... This paper develops a theory of financial intermediation based on minimizing the cost of monitoring information which is useful for resolving incentive problems between borrowers and lenders. It presents a characterization of the costs of providing incentives for delegated monitoring by a financial ..."
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Cited by 1433 (18 self)
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intermediary. Diversification within an intermediary serves to reduce these costs, even in a risk neutral economy. The paper presents some more general analysis of the effect of diversification on resolving incentive problems. In the environment assumed in the model, debt contracts with costly bankruptcy
The capacity of wireless networks
 IEEE TRANSACTIONS ON INFORMATION THEORY
, 2000
"... When n identical randomly located nodes, each capable of transmitting at bits per second and using a fixed range, form a wireless network, the throughput @ A obtainable by each node for a randomly chosen destination is 2 bits per second under a noninterference protocol. If the nodes are optimally p ..."
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Cited by 3243 (42 self)
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When n identical randomly located nodes, each capable of transmitting at bits per second and using a fixed range, form a wireless network, the throughput @ A obtainable by each node for a randomly chosen destination is 2 bits per second under a noninterference protocol. If the nodes are optimally
A NEW POLYNOMIALTIME ALGORITHM FOR LINEAR PROGRAMMING
 COMBINATORICA
, 1984
"... We present a new polynomialtime algorithm for linear programming. In the worst case, the algorithm requires O(tf'SL) arithmetic operations on O(L) bit numbers, where n is the number of variables and L is the number of bits in the input. The running,time of this algorithm is better than the ell ..."
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Cited by 860 (3 self)
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the ellipsoid algorithm by a factor of O(n~'~). We prove that given a polytope P and a strictly interior point a E P, there is a projective transformation of the space that maps P, a to P', a ' having the following property. The ratio of the radius of the smallest sphere with center a
A computational approach to edge detection
 IEEE TRANSACTIONS ON PATTERN ANALYSIS AND MACHINE INTELLIGENCE
, 1986
"... This paper describes a computational approach to edge detection. The success of the approach depends on the definition of a comprehensive set of goals for the computation of edge points. These goals must be precise enough to delimit the desired behavior of the detector while making minimal assumpti ..."
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Cited by 4675 (0 self)
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. We use the criteria in numerical optimization to derive detectors for several common image features, including step edges. On specializing the analysis to step edges, we find that there is a natural uncertainty principle between detection and localization performance, which are the two main goals
Incentivecompatible debt contracts: The oneperiod problem
 Review of Economic Studies
, 1985
"... In a simple model of borrowing and lending with asymmetric information we show that the optimal, incentivecompatible debt contract is the standard debt contract. The secondbest level of investment never exceeds the firstbest and is strictly less when there is a positive probability of costly bank ..."
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Cited by 419 (9 self)
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In a simple model of borrowing and lending with asymmetric information we show that the optimal, incentivecompatible debt contract is the standard debt contract. The secondbest level of investment never exceeds the firstbest and is strictly less when there is a positive probability of costly
Results 1  10
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17,970