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Collusion in board of directors
Bourjade, Sylvain; Germain, Laurent - Volkswirtschaftliche Fakultät, … - 2011
The aim of this paper is to study what is the best structure of a Board of Directors when collusive aspects between the Board and the CEO are taken into account. We analyze how shareholders should select the members of the Board in a framework with asymmetric information and uncertainty about...
Persistent link: https://www.econbiz.de/10009368168
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Analyse de l'impact des coûts de participation sur la stratégie des enchérisseurs dans les Prises de contrôle
Burkart, Mike - Volkswirtschaftliche Fakultät, … - 2009
We consider a takeover in which risk neutral bidders must incur participation costs and study their optimal strategy … that a potential bidder will stay out of takeover process. Moreover, when he decides to participate in takeover, his … the target firm, overbids when he participates in takeover. This can led to an inefficient allocation. …
Persistent link: https://www.econbiz.de/10009004201
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On the fundamentals of winning virtuous strategies creation toward leveraged buyout transactions implementation during private equity investment in conditions of resonant absorptio...
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014
The authors perform an original research on the fundamentals of winning virtuous strategies creation toward the leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of discrete information in the diffusion - type financial...
Persistent link: https://www.econbiz.de/10011156987
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On the fundamentals of winning virtuous strategies creation toward leveraged buyout transactions implementation during private equity investment in conditions of resonant absorptio...
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014
The authors perform an original research on the fundamentals of winning virtuous strategies creation toward the leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of discrete information in the diffusion - type financial...
Persistent link: https://www.econbiz.de/10011107335
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On the fundamentals of winning virtuous strategies creation toward leveraged buyout transactions implementation during private equity investment in conditions of resonant absorptio...
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014
The authors perform an original research on the fundamentals of winning virtuous strategies creation toward the leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of discrete information in the diffusion - type financial...
Persistent link: https://www.econbiz.de/10011111186
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Strategies on initial public offering of company equity at stock exchanges in imperfect highly volatile global capital markets with induced nonlinearities
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014
This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...
Persistent link: https://www.econbiz.de/10011258000
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Multi-dimensional auctions under information asymmetry for costs and qualities
Papakonstantinou, A.; Bogetoft, P. - Volkswirtschaftliche Fakultät, … - 2012
This paper discusses the design of a novel multi-dimensional mechanism which allows a principal to procure a single project or an item from multiple suppliers through a two-step payment. The suppliers are capable of producing different qualities at costs which cannot exceed a certain value and...
Persistent link: https://www.econbiz.de/10011259763
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The Value of Commitment in Auctions with Matching
Lamping, Jennifer - Volkswirtschaftliche Fakultät, … - 2008
In many auctions, a good match between the bidder and seller raises the value of the contract for both parties although information about the quality of the match may be incomplete. This paper examines the case in which the bidder is better informed about the quality of his match with the seller...
Persistent link: https://www.econbiz.de/10008490104
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The Value of Information in Auctions with Default Risk
Lamping, Jennifer - Volkswirtschaftliche Fakultät, … - 2007
After the close of an auction, the winning bidder may find that he is unable to carry out his bid offer. This paper seeks to determine what measures the seller should take to maximize his share of the surplus when bidders are privately informed about their risk of default. Special attention is...
Persistent link: https://www.econbiz.de/10008532158
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Ignorance Is Bliss: Matching in Auctions with an Uninformed Seller
Lamping, Jennifer - Volkswirtschaftliche Fakultät, … - 2008
In many auctions, matching between the bidder and seller raises the value of the contract for both parties. However, information about the quality of the match may be incomplete. We consider the case in which each bidder observes the quality of his match with the seller but the seller does not...
Persistent link: https://www.econbiz.de/10008532170