Financial capital structure in LBO projects under asymmetric information
Material type: Mixed materialsPublication details: 2012Description: 7-35NLM classification:- 332
Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|
Periodicals/Magazines | SSCBS Library | 11/3 | Available | P14448 |
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.
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