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STO vs. ICO : a theory of token issues under moral hazard and demand uncertainty
Miglo, Anton - In: Journal of risk and financial management : JRFM 14 (2021) 6, pp. 1-35
This paper considers a financing problem for an innovative firm that is launching a web-based platform. The entrepreneur, on one hand, faces a large degree of demand uncertainty on his product and on the other hand has to deal with incentive problems of professional blockchain participants who...
Persistent link: https://www.econbiz.de/10012587665
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Betriebliche Finanzierung
Swoboda, Peter - 1994 - 3., überarb. Aufl.
Persistent link: https://www.econbiz.de/10000415979
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Risiken konzerninterner Finanzhilfe
Park, Peter - 1997
Persistent link: https://www.econbiz.de/10000636530
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Risiken konzerninterner Finanzhilfe
Park, Peter - 1997
Persistent link: https://www.econbiz.de/10000970563
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Managerial risk incentives and a firm's financing policy
Karpavičius, Sigitas; Yu, Fan - In: Journal of banking & finance 100 (2019), pp. 167-181
Persistent link: https://www.econbiz.de/10012162483
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Uncertainty and the value of cash holdings
Im, Hyun Joong; Park, Heungju; Zhao, Gege - In: Economics letters 155 (2017), pp. 43-48
Persistent link: https://www.econbiz.de/10011821543
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The dangers of dispersal of responsibilities
Burlea, Adriana Schiopoiu; Remmé, Joop - In: Amfiteatru economic : an economic and business research … 19 (2017) 45, pp. 464-476
Taking into account that it is in the nature of the modern corporat ion that risks are distributed over several agents, we discuss in this paper the organisational behaviour as it results from such dispersal of responsibilities for both the principal and the agent. We explore the hypothesis that...
Persistent link: https://www.econbiz.de/10011795459
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Impacts of uncertain project duration and asymmetric risk sensitivity information in project management
Yang, Kai; Zhao, Ruiqing; Lan, Yanfei - In: International transactions in operational research : … 23 (2016) 4, pp. 749-774
Persistent link: https://www.econbiz.de/10011606840
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Threshold theory : modelling risk attitude
Kasprowicz, Tomasz; Bednorz, Andrzej - In: E-Finanse : finansowy kwartalnik internetowy 13 (2017) 4, pp. 97-109
how the agent’s risk attitude affects his decisions. This “Threshold Theory” framework is based on a real options approach … influence the agent’s risk attitude. The theory’s predictions help to explain many anomalies that the standard expected utility … model cannot. Threshold Theory can also model behavior in contexts such as individual investor decisions, corporate …
Persistent link: https://www.econbiz.de/10011900005
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Risk sharing contracts with private information and one-sided commitment
Hemsley, Pedro; Carrasco, Vincius; Zilberman, Eduardo - 2017
In a repeated unobserved endowment economy in which agents negotiate long-term contracts with a financial intermediary, we study the implications of the interaction between incentive compatibility and participation constraints for risk sharing. In particular, we assume that after a default...
Persistent link: https://www.econbiz.de/10010499483