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Long-term relationships governed by short-term contracts

Crawford, Vincent P. - 1982

Persistent link: https://www.econbiz.de/10002039715

Optimal Allocation of Control Rights in Venture Capital Contracts

Andrieu, Guillaume - 2012

This article questions the allocation of control rights to venture capitalists with particular focus on liquidation decisions. The literature has shown that the venture capitalist acts as the principal to prevent the agent (i.e., the entrepreneur) from pursuing private objectives and destroying...

Persistent link: https://www.econbiz.de/10013114785

Corporate Governance and Covenant Restrictiveness in Private Debt Contracts

Abu Bakar, Intan Suryani - 2012

Both corporate governance and covenants separately have been shown to play a role in mitigating agency problems associated with debt. Accordingly, we examine the association between corporate governance and the restrictiveness of covenants on a sample of newly syndicated loans in the U.S....

Persistent link: https://www.econbiz.de/10013098897

CEO Contractual Protection and Managerial Short-Termism

Chen, Xia - 2014

How to address managerial short-termism has been an important issue for companies, regulators, and researchers. In this paper we examine the impact of CEO contractual protection, in the form of employment agreements and severance pay agreements, on managerial short-termism. We find that firms...

Persistent link: https://www.econbiz.de/10013065519

Contract Design, Financing Arrangements and Public Ownership - An Assessment of the US Airport Governance Model

Fuhr, Johannes - 2010

US airports negotiate legally binding contracts with airlines and finance large investment projects with revenue bonds. Applying insights from transaction cost economics, we argue that the observed variation in contractual and financing arrangements at US airports corresponds to the parties'...

Persistent link: https://www.econbiz.de/10013150512

Governance of Smart Contracts in Blockchain Institutions

Howell, Bronwyn E. - 2019

frameworks offered under contract law and the courts, which have developed ways to specifically address issues of contractual … illusory. A role will continue to exist for the real-world contract governance institutions as a complement to blockchain … is that smart contracting will be more efficient than real-world contracting. Indeed, in many cases a smart contract may …

Persistent link: https://www.econbiz.de/10012866235

Strategic innovation in IT outsourcing : exploring the differential and interaction effects of contractual and relational governance mechanisms

Kranz, Johann Joachim - In: The journal of strategic information systems : … 30 (2021) 1, pp. 1-21

Persistent link: https://www.econbiz.de/10012494769

Effects of contract ambiguity in interorganizational governance

Zheng, Xu; Griffith, David A.; Ge, Ling; Benoliel, Uri - In: Journal of marketing 84 (2020) 4, pp. 147-167

Persistent link: https://www.econbiz.de/10012231658

Renegotiation of joint venture contracts : the influence of boards of directors and prior ties as alternative governance mechanisms

Duplat, Valérie; Klijn, Elko; Reuer, Jeffrey J.; … - In: Long range planning : LRP ; international journal of … 53 (2020) 2, pp. 1-19

Persistent link: https://www.econbiz.de/10012272069

Corporate control and credible commitment

Gilson, Ronald J.; Schwartz, Alan - In: International review of law and economics 43 (2015), pp. 119-130

Persistent link: https://www.econbiz.de/10011574830