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We analyse the role of debt in persuading an entrepreneur to pay out cash flows, rather than to divert them. In the first part of the paper we study the optimal debt contract -- specifically, the trade-off between the size of the loan and the repayment -- under the assumption that some debt...
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Analysis of the most common foreign methods showed that they were designed to analyze enterprises in the sustainable … bankruptcy prediction that are based on convolution values of different insolvency signs. However, we believe that usage of a …
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