When managers cannot commit: Capital structure under inalienable managerial entrenchment
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References listed on IDEAS
- Philippe Aghion & Oliver D. Hart & John Moore, 1994.
"The Economics of Bankruptcy Reform,"
NBER Chapters,in: The Transition in Eastern Europe, Volume 2: Restructuring, pages 215-244
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- Shleifer, Andrei & Vishny, Robert W., 1989. "Management entrenchment : The case of manager-specific investments," Journal of Financial Economics, Elsevier, vol. 25(1), pages 123-139, November.
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KeywordsManagerial entrenchment Commitment Debt Bankruptcy;
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