efficiency. After the initiation of a debt contract, inefficiencies can arise due to incomplete contracts and agency costs. I … there is an inconsistency in empirical and analytical results regarding the role of conservatism (beneficial or not) in the … also improve debt efficiency. My analytical show that there is a higher level of conservatism, when the long-term debt …

Although there is a lot of evidence for the positive welfare effects of contract farming, it is not clear how to …. While Contract Farming is a formal institutional arrangement, the institutional environment of developing countries is … in developing countries, lead to a situation where contract enforcement is reduced or not possible at all. Hence... …