Robust Financial Contracting and Investment
收藏NBER2021-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28367
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资源简介：
We study how investors' preferences for robustness influence corporate investment, financing, and compensation decisions and valuation in a financial contracting model with agency. We characterize the robust contract and show that early liquidation can be optimal when investors are sufficiently
提供机构：
美国国家经济研究局
创建时间：
2021-01-01
