rights ensure that outside shareholders can enforce a fair payout. To avoid intervention, insiders report income consistent … income and payout process that adjust partially and over time towards a target. Insiders under-invest in production and …

leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption …

leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption … buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of …

leveraged buyout transactions implementation during the private equity investment in the conditions of the resonant absorption … buyout transactions implementation during the private equity investment in the conditions of the resonant absorption of …

future access to credit. This dynamic consistency is not guaranteed in models of exogenous borrowing constraints, where the …

We develop a dynamic model of investment, capital structure, leasing, and risk management based on firms' need to …

In this paper, we explore a dynamic theory of investment and costly managerial turnover given agency conflicts between … finally liquidated, and develop a continuous-time agency model with the q-theory of investment. We derive the dynamic … variations of average q, marginal q, and the optimal investment?capital ratio surrounding manager turnover. Furthermore, we also …

profiles of quality over time which are their private information. We apply this idea to analyze a financing-investment game …

This paper analyzes debt-equity choice for financing a two-stage investment when a firm’s insiders have private …