Bargaining Power Effects in Financial Contracting
| Author | : Kai Rudolph |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 348 |
| Release | : 2006-11-17 |
| ISBN-13 | : 9783540344964 |
| ISBN-10 | : 3540344969 |
| Rating | : 4/5 (69 Downloads) |
Book Synopsis Bargaining Power Effects in Financial Contracting by : Kai Rudolph
Download or read book Bargaining Power Effects in Financial Contracting written by Kai Rudolph and published by Springer Science & Business Media. This book was released on 2006-11-17 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
