Detail Bankruptcy, Warranties, and The Firm's Capital Structure   Oleh:  Appelbaum, Elie Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 33 no. 2 (1992), page 399-412. Topik: BANKRUPTCY; bankruptcy; warranties; firm's capital structure Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper examines the role of capital structure as an instrument for shifting risk between real and financial markets. We consider a firm whose contractual agreements involve both consumers and debtholders and show that if consumers are risk averse, whereas equity and debtholders are risk neutral, the firm uses its capital structure to shift risk away from consumers. The optimal allocation of risk across real and financial markets leads the firm to be fully equity financed. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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