Demougin, Dominique; Fabel, Oliver - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2006
of Con-
vertible Debt. Review of Economic Studies, vol. 70, p. 1-32.
Davila, T. and G. Foster. (2004). Management … capitalists provide
important consulting and management services.7 Thus, the optimal contract
must solve a double moral hazard … involvement in the new �rm�s operations.
Hence, his decision to convert debt into ownership provides a credible signal
concerning …