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This study considers the influence of contracts on enforcement and the subsequent performance impact of aligned and misaligned enforcement. We define enforcement as a corrective action aimed at remedying problems occurring in the transaction. First we explain the role of contracts and show that...
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for contract enforcement resulting in opportunistic behavior from private investors. Under a "gray information" regime …
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Contract enforcement and institutional stability play an important role in determining the level and maturity of … international debt. Contract enforcement is modeled as a fixed cost that investors incur to obtain the contracted, gross returns on … international investments. Institutional stability is modeled as the probability that the same contract enforcement cost will …
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market. Thus, the business group's organizational mode and the financial structure allow a self-enforcing contract to be …
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market. Thus, the business group's organizational mode and the financial structure allow a self-enforcing contract to be …
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