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Financing high-tech start-ups : moral hazard, information asymmetry and the reallocation of control rights

Jia, Ye - In: The B.E. journal of economic analysis & policy 15 (2015) 2, pp. 685-708

Persistent link: https://www.econbiz.de/10011339243

Monitoring, cross subsidies, and universal banking

Choi, Jay Pil; Stefanadis, Christodoulos - 2015

We formalize the idea that a financial conglomerate may utilize commercial banking activities to cross-subsidize investment banking through bundled offers. The investment banking sector entails supra-normal profits due to incentive problems with security underwriting. Universal banks may aim to...

Persistent link: https://www.econbiz.de/10011342362

Credit constraints, endogenous innovations, and price setting in international trade

Eckel, Carsten; Unger, Florian - 2015

We introduce credit frictions motivated by moral hazard in a general equilibrium model of international trade with two dimensions of heterogeneity and endogenous investments. Firms' competitiveness consists of capabilities to conduct process and quality innovations at low costs, whereas...

Persistent link: https://www.econbiz.de/10010520764

Sticks and carrots for the alleviation of long term poverty

Schroyen, Fred; Torsvik, Gaute - 2002

Work requirements can make it easier to screen the poor from the non-poor.They can also affect future poverty by changing the poors' incentive to invest in their income capacity. The novelty of our study is the focus on long term poverty. We find that the argument for using work requirements as...

Persistent link: https://www.econbiz.de/10011409004

On the necessity of necessity measures : a response to Alan O. Sykes

Aaken, Anne van - 2015

This comment on Alan Sykes Article "Economic 'Necessity' in International Law" on AJIL UNBOUND discusses the application of necessity clauses from an economic perspective especially in light of the incentives of investors, who are the third party beneficiaries of the investment treaty/contract....

Persistent link: https://www.econbiz.de/10011410213

Dealing with overleverage : restricting leverage vs. restricting variable compensation

Gete, Pedro; Gómez, Juan-Pedro - In: The quarterly journal of finance 8 (2018) 1, pp. 1-29

Persistent link: https://www.econbiz.de/10011921894

Reducing moral hazard at the expense of market discipline : the effectiveness of double liability before and during the Great Depression

Anderson, Haelim Park; Barth, Daniel; Choi, Dong Beom - 2018

Prior to the Great Depression, regulators imposed double liability on bank shareholders to ensure financial stability … mitigating bank risks and providing a safety net for depositors before and during the Great Depression. We first develop a model … that demonstrates two competing effects of double liability: a direct effect that constrains bank risk taking as a result …

Persistent link: https://www.econbiz.de/10011926198

Moral hazard in high-risk environments : optimal follow-on investing in venture capital finance

Tennert, Julius; Lambert, Marie; Burghof, Hans-Peter - In: Venture capital : an international journal of … 20 (2018) 4, pp. 323-338

Persistent link: https://www.econbiz.de/10011988233

The asymmetric information risks : between the classical financing formulas and the Islamic financial industry

Laib, Yassine; Abadli, Riad - In: International journal of business and globalisation : IJBG 21 (2018) 4, pp. 583-600

Persistent link: https://www.econbiz.de/10011989677

Quality and pricing decisions in a market with consumer information sharing

Jiang, Baojun; Yang, Bicheng - In: Management science : journal of the Institute for … 65 (2019) 1, pp. 272-285

Persistent link: https://www.econbiz.de/10011991407