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Capital Structure, Managerial Incentives and Corporate Governance (Entwicklung und Finanzierung)

Christian M. Pfeil

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Description:What factors determine a firm's financing decision? Informational economics and contract theory have contributed a great deal to answer this question. This book contains three essays that further contribute to this strand of literature with the focus on theories that view capital structure as a disciplining instrument for a self-interested management. Some of the existing theories abstract from other disciplining devices such as ordinary incentive wages to justify debt as a mean to mitigate a moral hazard problem between managers and owners of a firm. Two of the models presented here turn to the question of whether debt can play a role as an incentive device when other incentive mechanisms are available as well. A third model revisits the signaling literature on capital structure in the light of new empirical evidence. All models are embedded into a corporate governance framework that allows to set the conclusions into a broader perspective.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Capital Structure, Managerial Incentives and Corporate Governance (Entwicklung und Finanzierung). To get started finding Capital Structure, Managerial Incentives and Corporate Governance (Entwicklung und Finanzierung), you are right to find our website which has a comprehensive collection of manuals listed.
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ISBN: 3631385749

Description: What factors determine a firm's financing decision? Informational economics and contract theory have contributed a great deal to answer this question. This book contains three essays that further contribute to this strand of literature with the focus on theories that view capital structure as a disciplining instrument for a self-interested management. Some of the existing theories abstract from other disciplining devices such as ordinary incentive wages to justify debt as a mean to mitigate a moral hazard problem between managers and owners of a firm. Two of the models presented here turn to the question of whether debt can play a role as an incentive device when other incentive mechanisms are available as well. A third model revisits the signaling literature on capital structure in the light of new empirical evidence. All models are embedded into a corporate governance framework that allows to set the conclusions into a broader perspective.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Capital Structure, Managerial Incentives and Corporate Governance (Entwicklung und Finanzierung). To get started finding Capital Structure, Managerial Incentives and Corporate Governance (Entwicklung und Finanzierung), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Capital Structure, Managerial Incentives and Corporate Governance (Entwicklung und Finanzierung)

Capital Structure, Managerial Incentives and Corporate Governance (Entwicklung und Finanzierung)

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Capital Structure, Managerial Incentives and Corporate Governance

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