Short-Term versus Long-Term Interests: Capital Structure with Multiple Investors
- 1 November 1994
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 109 (4) , 1055-1084
- https://doi.org/10.2307/2118356
Abstract
We study the problem of financial contracting and renegotiation between a firm and outside investors when the firm cannot commit to future payouts, bKeywords
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