Title of article
Insider control and the soft budget constraint: a simple theory
Author/Authors
David D. Li، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1998
Pages
5
From page
307
To page
311
Abstract
Insider control of a firm is shown to be a cause of the soft budget constraint and it has many welfare consequences. The implication is that establishing effective corporate governance is a necessary measure to harden budget constraints.
Keywords
Corporate Governance , Insider Control , Soft budget constraint , Property rights , Control rights
Journal title
Economics Letters
Serial Year
1998
Journal title
Economics Letters
Record number
434680
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