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A corporate finance perspective on environmental policy
Inderst, Roman; Heider, Florian - 2022
Persistent link: https://www.econbiz.de/10012797817
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A Corporate Finance Perspective on Environmental Policy
Heider, Florian; Inderst, Roman - 2022
This paper examines optimal enviromental policy when external financing is costly for firms. We introduce emission externalities and industry equilibrium in the Holmström and Tirole (1997) model of corporate finance. While a cap-and-trading system optimally governs both firms` abatement...
Persistent link: https://www.econbiz.de/10013309435
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A corporate finance perspective on environmental policy
Heider, Florian; Inderst, Roman - 2022
This paper examines optimal enviromental policy when external financing is costly for firms. We introduce emission externalities and industry equilibrium in the Holmström and Tirole (1997) model of corporate finance. While a cap-and-trading system optimally governs both firms' abatement...
Persistent link: https://www.econbiz.de/10013165296
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Asymmetric information in external and internal capital markets
Heider, Florian - 2001
Persistent link: https://www.econbiz.de/10001651529
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An incentive theory of counterparty risk, margins, and CCP design
Heider, Florian - In: Achieving financial stability : challenges to …, (pp. 209-224). 2018
Persistent link: https://www.econbiz.de/10011790907
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What do internal capital markets do? : Redistribution vs. incentives
Gautier, Axel; Heider, Florian - 2001
Persistent link: https://www.econbiz.de/10001599304
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The benefit and cost of winner picking : redistribution vs incentives
Gautier, Axel (contributor); Heider, Florian (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001828708
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What do internal capital markets do? : Redistribution vs. incentives
Gautier, Axel (contributor); Heider, Florian (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001700022