![]() ![]() ![]() (2022), "Debt dynamic, debt dispersion and corporate governance", International Journal of Managerial Finance, Vol. The author would like to thank Ambrus Kecskes, Yelena Larkin, Melanie Cao, Moshe Milevsky, Peter Cziraki, George Georgopoulos, Sofia Johan, Jonathan Karpoff, Paolo Fulghieri, NFA conference referee and seminar participants at the Schulich School of Business- York university for helpful discussions, comments and suggestions. Throughout the book, the authors show how managers use financial theory to solve practical problems and as a way to respond. ![]() The results provide a comprehensive picture of how corporate governance influences debt choice(s). Filling a majr gap in th field, The Thory of Corporate Financ is an indispensabIe resource for graduat and advanced undrgraduate students as weIl as researchers f corporate finance, industriaI organization, political conomy, development, and macroconomics. In this paper, the author examines how managerial entrenchment affects debt structure. Jean Tirole buiIds his landmark bok around a singIe model, using n incentive or cntract theory approach. While a vast body of corporate finance literature examines the conflict between shareholders and management, there is little empirical work on the conflict between creditors and management. ![]()
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