Risk-Sharing, Enforceability, Information and Capital Structure.

This paper, instead of focusing on agency cost, analyzes the role of risk-sharing under problems of enforceability (default) to explain the optimal determination of capital structure. Optimal contract structure presents equity and debt.

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Year of publication:	2000
Authors:	de Lara, Y.G.
Institutions:	Department of Economics, European University Institute
Subject:	UNCERTAINTY \| CAPITAL \| CONTRACTS \| INSURANCE \| INFORMATION \| FINANCIAL MARKET \| FINANCIAL INSTITUTIONS

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Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	45 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D82 - Asymmetric and Private Information ; G14 - Information and Market Efficiency; Event Studies ; G22 - Insurance; Insurance Companies ; G32 - Financing Policy; Capital and Ownership Structure
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005697699