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Bargaining Power Effects in Financial Contracting: A Joint Analysis of Contract Type and Placement Mode Choices (Lecture Notes in Economics and Mathematical Systems)

Kai Rudolph




[PDF.lp48] Bargaining Power Effects in Financial Contracting: A Joint Analysis of Contract Type and Placement Mode Choices (Lecture Notes in Economics and Mathematical Systems)

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 | #10746911 in Books |  Springer |  2006-08-29 | Original language:English | PDF # 1 |  9.25 x.81 x6.10l,1.11 | File type: PDF | 342 pages

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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.



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