This paper provides evidence that lenders to a firm close to distress have incentives to...

We present evidence that reassigning tasks among agents can alleviate moral hazard in communication. A...

We show that institutions that promote financial development ease borrowing constraints by lowering the collateral...

Theory suggests that greater hierarchical distance between a subordinate and his boss makes it more...

How do banks make lending decisions? Using a unique hand-collected data-set on loans granted to...

Collateral may be used as commitment against ex-ante agency risk, or for hedging against ex-post...

This paper empirically examines how changes in the hierarchical structure of a large organization can...

This is a tentative summary of the course outline with cases.

The main aim of this course is to enable you to apply the theoretical concepts...

This is a tentative summary of the course outline with cases.

The course focuses on fundamental themes in corporate finance in an international setting including: the...

This is a tentative summary of the course outline with cases.

The course involves analysis of corporate restructuring strategies including mergers, acquisitions, friendly vs. hostile takeovers,...