-bank institutional investors. The present paper examines to what extent this implies a substitution of relationship finance by arm …’s length finance or just of one form of relationship finance by another. Within the contractual theory of the firm, we seek … complements rather than substitutes to finance and control firms with different redeployability and information opaqueness of …

paper examines whether this implies a substitution of relationship finance by arm’s length finance or of firm … advantages depend on two kinds of asset specificity. They are complements to finance and control firms with different …

paper examines whether this implies a substitution of relationship finance by arm’s length finance or of firm … advantages depend on two kinds of asset specificity. They are complements to finance and control firms with different …