Financial capital structure in LBO projects under asymmetric information
YOUSFI, OUIDAD
Financial capital structure in LBO projects under asymmetric information - 2012 - 7-35
This paper analyzes the link between the financial capital structure in LBO(Lveraged Buyout) accuisitions and the agents' incentives under asymmmetric information. We present a static model with three agents: the entrepreneur, the LBO fund and thebank. The first two agents provide complementary and non observable efforts to enhance the distribution of the project's revenues.
332
Financial capital structure in LBO projects under asymmetric information - 2012 - 7-35
This paper analyzes the link between the financial capital structure in LBO(Lveraged Buyout) accuisitions and the agents' incentives under asymmmetric information. We present a static model with three agents: the entrepreneur, the LBO fund and thebank. The first two agents provide complementary and non observable efforts to enhance the distribution of the project's revenues.
332