TY  - JOUR
AB  - Significant attention has been devoted to agency theory in the financial literature. Dating back to the seminal contribution of Jensen and Meckling (1976), financial economists have examined agency relationships mainly in the context of shareholders versus managers, and shareholders versus creditors. The purpose of this essay is to document the existence of additional agency problems created as a result of the adoption of the Bankruptcy Reform Act of 1978. An introduction to the bankruptcy environment and the main features of the Bankruptcy Reform Act of 1978 (hereafter referred to as the Act) are followed by description of the agency problems arising out of the 1978 Act.
VL  - 19
IS  - 6
SN  - 0307-4358
DO  - 10.1108/eb013729
UR  - https://doi.org/10.1108/eb013729
AU  - Dufrene Uric B.
PY  - 1993
Y1  - 1993/01/01
TI  - A Note on the Bankruptcy Reform Act of 1978, An Agency Perspective
T2  - Managerial Finance
PB  - MCB UP Ltd
SP  - 45
EP  - 52
Y2  - 2024/04/25
ER  -