Results overview: Found 2 records in 0.02 seconds.
Research literature, 2 records found
Research literature 2 records found  
45 p, 732.7 KB Debt dilution and debt overhang / Jungherr, Joachim ; Schot, Immo
We introduce long-term debt (and a maturity choice) into a standard model of firm financing and investment. This allows us to study two distortions of investment: (1. ) Debt dilution distorts firms' choice of debt which has an indirect effect on investment; (2. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2018 (ADEMU Working Paper Series ; 124)  
55 p, 666.3 KB Bank opacity and financial crises / Jungherr, Joachim
This paper studies a model of endogenous bank opacity. In the model, bank opacity is costly for society because it reduces market discipline and encourages banks to take on too much risk. This is true even in the absence of agency problems between banks and the ultimate bearers of the risk. [...]
2016 (Ademu Working Papers Series ; 2)  

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