Bargaining Power Effects in Financial Contracting

The primary objective of this book is to demonstrate that a firm's financing decisions depend among other things on bargaining power considerations, and to illustrate potential causes for this dependency. Based on a principal-agent analysis where a lender (principal) and a firm (agent) bargain over the financing of the firm’s risky project, the author illustrates and analyzes the importance of bargaining power on finance decisions.

Publication Year: 2006
Imprint: Springer Berlin Heidelberg
Format: P
Weight (Gram): 1120