form of cost-synergy add-backs enhances contract efficiency in non-leveraged loans and distorts contract efficiency in …

I explain the standard carried interest contract as a mechanism to induce incentive compatible fund leverage while also …

-dimensional tradeoff among contract features that aligns incentives and apportions risk among the contracting parties in a state …

This paper develops a theory of corporate hedging in a financial contracting framework. In an economy with moral hazard … and state uncertainty, the optimal financial contract incorporates both non-monitoring (arm's length) finance and …

Using internal data of a leasing company in Germany, we examine the determinants of the probability and use of leasing … by small firms. We find that small and young firms are likely to be constrained on the leasing market but use leasing to … increase their debt capacity. Beyond contract- and firm-specific characteristics, demographic and socio …