Ako nakupovať
Doručenie
Nákupný poradca
Bargaining Power Effects in Financial Contracting
Angličtina
304 b
30 dní na vrátenie tovaru
Mohlo by vás tiež zaujímať
/
Brožovaná
24.17
€
/
Brožovaná
24.88
€
/
Brožovaná
54.90
€
/
Pevná
53.59
€
/
Brožovaná
67.19
€
The primary objective of this book is to demonstrate that a firm's financing decision depends among other things on bargaining power considerations and to illustrate potential reasons for this dependency. Based on a principal-agent analysis where a lender (principal) and a firm (agent) bargain how to finance the firm s risky project it is e.g. shown that§- the advantages of debt financing increase with the firm's bargaining power;§- the favorability of private placements in comparison to public offerings increases with a firm's bargaining power;§- the firm's contract type and placement mode choice are interrelated and must be treated jointly when determining the firm s optimal financing decision;§- in the presence of an ex-ante informational asymmetry about the firm's financing and the lenders' profit alternatives the contract agreement probability depends (in a non-monotonous way) on the firm's bargaining power.
Informácie o knihe
Angličtina
