Complex sentence: However, they are also applied to questions of capital structure and dividend policy, and to the related design of corporate securities; and since stockholder and bondholders have different objective functions, in the analysis of the related agency problems.
Split into simpler sentences: However, they are also applied to questions of capital structure and dividend policy, and to the related design of corporate securities. And implicitly, since stockholder and bondholders have different objective functions, in the analysis of agency problems.