Long-Term Contracts, Short-Term Investment and Monitoring
- 1 October 1995
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 62 (4) , 557-575
- https://doi.org/10.2307/2298077
Abstract
The paper presents a dynamic contracting model of myopic firm behaviour caused by the fear of early project termination by outside investors. AlthougKeywords
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