Batabyal, Amitrajeet A. - In: The North American Journal of Economics and Finance 23 (2012) 1, pp. 115-122
's type is known to the entrepreneur but not to the investors. Further, the entrepreneur is restricted to issuing debt only or … equity only, that there exists a pooling PBE contract involving the issuance of equity only, and that a debt contract is … PBE contract with debt exists and a separating PBE contract with debt and equity exists. Finally, we examine whether a …
