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Should banks own equity stakes in their borrowers? A contractual solution to hold-up problems

  • Mahrt-Smith, Jan
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    Article provided by Elsevier in its journal Journal of Banking & Finance.

    Volume (Year): 30 (2006)
    Issue (Month): 10 (October)
    Pages: 2911-2929

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    Handle: RePEc:eee:jbfina:v:30:y:2006:i:10:p:2911-2929
    Contact details of provider: Web page: http://www.elsevier.com/locate/jbf

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    22. Aghion, Philippe & Bolton, Patrick, 1992. "An Incomplete Contracts Approach to Financial Contracting," Review of Economic Studies, Wiley Blackwell, vol. 59(3), pages 473-94, July.
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