Matches in SemOpenAlex for { <https://semopenalex.org/work/W187974489> ?p ?o ?g. }
- W187974489 endingPage "184" @default.
- W187974489 startingPage "165" @default.
- W187974489 abstract "This paper studies the problem of a bank which has to choose a contract offer to an entrepreneur in order to finance a risky investment project. The project outcome depends on the quality of the proposed project and the level of effort that the entrepreneur expends. Both quality and effort are not observable to the bank. Applying the revelation principle, the optimal contract is found by studying mechanisms which induce truthful revelation of the entrepreneur’s information. The optimal contract trades off gains in expected outcome from inducing higher effort against the increasing costs of truthful revelation. It is shown that a combination of debt and equity contracts solves the contracting problem and maximizes the bank’s profit. The bank proposes a menu of different combinations of debt and external equity financing, from which the entrepreneur can choose one.KeywordsMoral HazardAdverse SelectionOptimal ContractParticipation ConstraintIncentive ConstraintThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
- W187974489 created "2016-06-24" @default.
- W187974489 creator A5082032051 @default.
- W187974489 date "1997-01-01" @default.
- W187974489 modified "2023-09-27" @default.
- W187974489 title "Financial Contracting with Adverse Selection and Moral Hazard" @default.
- W187974489 cites W1485535210 @default.
- W187974489 cites W1964663511 @default.
- W187974489 cites W1968832883 @default.
- W187974489 cites W1973465190 @default.
- W187974489 cites W1975245318 @default.
- W187974489 cites W1982531016 @default.
- W187974489 cites W2090681977 @default.
- W187974489 cites W2100090090 @default.
- W187974489 cites W2104640390 @default.
- W187974489 cites W2108491286 @default.
- W187974489 cites W2140281938 @default.
- W187974489 cites W2147560556 @default.
- W187974489 cites W2161960891 @default.
- W187974489 cites W2752617332 @default.
- W187974489 cites W3124071598 @default.
- W187974489 cites W3124114405 @default.
- W187974489 cites W3124422886 @default.
- W187974489 cites W3125437433 @default.
- W187974489 cites W4230310188 @default.
- W187974489 cites W4234447214 @default.
- W187974489 doi "https://doi.org/10.1007/978-3-642-46988-6_10" @default.
- W187974489 hasPublicationYear "1997" @default.
- W187974489 type Work @default.
- W187974489 sameAs 187974489 @default.
- W187974489 citedByCount "3" @default.
- W187974489 countsByYear W1879744892012 @default.
- W187974489 countsByYear W1879744892018 @default.
- W187974489 crossrefType "book-chapter" @default.
- W187974489 hasAuthorship W187974489A5082032051 @default.
- W187974489 hasConcept C10138342 @default.
- W187974489 hasConcept C111472728 @default.
- W187974489 hasConcept C120527767 @default.
- W187974489 hasConcept C124952713 @default.
- W187974489 hasConcept C138885662 @default.
- W187974489 hasConcept C142362112 @default.
- W187974489 hasConcept C144133560 @default.
- W187974489 hasConcept C148220186 @default.
- W187974489 hasConcept C162118730 @default.
- W187974489 hasConcept C162324750 @default.
- W187974489 hasConcept C175444787 @default.
- W187974489 hasConcept C17744445 @default.
- W187974489 hasConcept C181622380 @default.
- W187974489 hasConcept C199539241 @default.
- W187974489 hasConcept C199728807 @default.
- W187974489 hasConcept C2776405206 @default.
- W187974489 hasConcept C2779530757 @default.
- W187974489 hasConcept C2780202544 @default.
- W187974489 hasConcept C29122968 @default.
- W187974489 hasConcept C32252159 @default.
- W187974489 hasConceptScore W187974489C10138342 @default.
- W187974489 hasConceptScore W187974489C111472728 @default.
- W187974489 hasConceptScore W187974489C120527767 @default.
- W187974489 hasConceptScore W187974489C124952713 @default.
- W187974489 hasConceptScore W187974489C138885662 @default.
- W187974489 hasConceptScore W187974489C142362112 @default.
- W187974489 hasConceptScore W187974489C144133560 @default.
- W187974489 hasConceptScore W187974489C148220186 @default.
- W187974489 hasConceptScore W187974489C162118730 @default.
- W187974489 hasConceptScore W187974489C162324750 @default.
- W187974489 hasConceptScore W187974489C175444787 @default.
- W187974489 hasConceptScore W187974489C17744445 @default.
- W187974489 hasConceptScore W187974489C181622380 @default.
- W187974489 hasConceptScore W187974489C199539241 @default.
- W187974489 hasConceptScore W187974489C199728807 @default.
- W187974489 hasConceptScore W187974489C2776405206 @default.
- W187974489 hasConceptScore W187974489C2779530757 @default.
- W187974489 hasConceptScore W187974489C2780202544 @default.
- W187974489 hasConceptScore W187974489C29122968 @default.
- W187974489 hasConceptScore W187974489C32252159 @default.
- W187974489 hasLocation W1879744891 @default.
- W187974489 hasOpenAccess W187974489 @default.
- W187974489 hasPrimaryLocation W1879744891 @default.
- W187974489 hasRelatedWork W128291280 @default.
- W187974489 hasRelatedWork W1520534345 @default.
- W187974489 hasRelatedWork W1596206157 @default.
- W187974489 hasRelatedWork W1977003863 @default.
- W187974489 hasRelatedWork W1977450725 @default.
- W187974489 hasRelatedWork W1998067338 @default.
- W187974489 hasRelatedWork W2063398326 @default.
- W187974489 hasRelatedWork W2101720819 @default.
- W187974489 hasRelatedWork W2142218097 @default.
- W187974489 hasRelatedWork W2168862187 @default.
- W187974489 hasRelatedWork W2300685086 @default.
- W187974489 hasRelatedWork W2370972415 @default.
- W187974489 hasRelatedWork W2386908639 @default.
- W187974489 hasRelatedWork W2494985095 @default.
- W187974489 hasRelatedWork W2801866957 @default.
- W187974489 hasRelatedWork W2895924990 @default.
- W187974489 hasRelatedWork W3090892356 @default.
- W187974489 hasRelatedWork W3124827541 @default.
- W187974489 hasRelatedWork W3157096391 @default.
- W187974489 hasRelatedWork W3201252633 @default.