Bargaining Power Effects in Financial Contracting

A Joint Analysis of Contract Type and Placement Mode Choices

Paperback Engels 2006 2006e druk 9783540344957
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

The primary objective of this book is to demonstrate that a firm's financing decisions depend among other things on bargaining power considerations, and to illustrate potential causes for this dependency. Based on a principal-agent analysis where a lender (principal) and a firm (agent) bargain over the financing of the firm’s risky project, the author illustrates and analyzes the importance of bargaining power on finance decisions.

Specificaties

ISBN13:9783540344957
Taal:Engels
Bindwijze:paperback
Aantal pagina's:342
Uitgever:Springer Berlin Heidelberg
Druk:2006

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Inhoudsopgave

A Review of Related Research.- A Model to Analyze Bargaining Power Effects.- Extending the model by an Ex-ante Informational Asymmetry About Contractual Partners’ Opportunities.- Discussion of the Adopted Approach.- Conclusion.

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        Bargaining Power Effects in Financial Contracting