contracts, such as the corporate wrongdoers' self-reporting, preemptive remedial measures instituted by the entity to avoid … corporate criminal indictment, and the government's investigation of specific corporate wrongdoing, facilitate multilevel …

The primacy of the principal-agent model of corporate governance is largely undisputed in the existing law and … viewing managers as common agents of several types of investors can better capture the reality of corporate relationships … debt and equity features, can better solve corporate agency problems than existing legal and contractual remedies. By …

observed by firm managers only. We characterize the optimal contract and its implications for firm size, growth, and managerial …

This paper discusses two variations to the optimal lending contract under asymmetric information studied in Clementi …

This chapter of the Oxford Handbook of Corporate Law and Governance examines the theoretical and empirical validity of … the “contractarian” theory of corporate governance. Beginning with an overview of the contractarian theory and its … borne out. The process by which “corporate contracts” develop do not fit the neoclassical model of atomistic competition …

The paper integrates the problem of designing corporate bankruptcy rules into a theory of optimal debt structure. We …'s debt capacity while increasing its incentives to default strategically. The optimal debt contract gives creditors claims … contract, to make claims consistent and to prevent a value reducing run for the assets of the firm. We characterize these rules …