Risky Debt, Investment Incentives, and Reputation in a Sequential Equilibrium

• 1 July 1985
• journal article
• Published by JSTOR in The Journal of Finance
• Vol. 40  (3) , 863-878
• https://doi.org/10.2307/2327812

Abstract

Keywords

• REPUTATION
• INVESTMENT
• RISKY DEBT
• SEQUENTIAL EQUILIBRIUM
• ANTICIPATED
• AGENCY PROBLEM
• ASYMMETRIC INFORMATION
• POLICY