How Good Are Standard Debt Contracts? Stochastic Versus Nonstochastic Monitoring in a Costly State Verification Environment

Financial Intermediation and Delegated Monitoring

1984 • 8,226 citations

Agency Costs, Net Worth, and Business Fluctuations.

1989 • 4,683 citations

The Theory of Capital Structure

1991 • 3,949 citations

Optimal contracts and competitive markets with costly state verification

1979 • 3,041 citations

Incentive-Compatible Debt Contracts: The One-Period Problem

1985 • 1,888 citations

BANKRUPTCY COSTS: SOME EVIDENCE

1977 • 1,177 citations

Costly monitoring, financial intermediation, and equilibrium credit rationing

1986 • 783 citations

Optimal Auditing, Insurance, and Redistribution

1989 • 597 citations

Costly Monitoring, Loan Contracts, and Equilibrium Credit Rationing

1987 • 572 citations

The Marginal Cost of Public Funds

1976 • 369 citations

The Inflation Tax in a Real Business Cycle Model

1988 • 355 citations

Samurai Accountant: A Theory of Auditing and Plunder

1987 • 353 citations

Bankruptcy Costs and the New Bankruptcy Code

1983 • 121 citations

The dynamic structure of optimal debt contracts

1990 • 64 citations

Debt covenants and renegotiation

1992 • 23 citations