Abstract

http://ssrn.com/abstract=1356944
 
 

References (125)



 
 

Citations (10)



 


 



Financial Contracting: A Survey of Empirical Research and Future Directions


Michael R. Roberts


The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)

Amir Sufi


University of Chicago - Booth School of Business; NBER

February 23, 2009


Abstract:     
We review recent evidence and future directions for empirical research on financial contracting in the context of corporate finance. Specifically, we survey evidence pertaining to incentive conflicts, control rights, collateral, renegotiation, and interactions between financial contracts and other governance mechanisms. We also discuss directions for future research, concluding that the financial contracting approach offers a potentially fruitful perspective for empirical researchers seeking to better understand a variety of issues in corporate finance including capital structure, investment policy, payout policy, and corporate governance.

Number of Pages in PDF File: 29

Keywords: Financial Contracting, Security Design, Control Rights, Renegotiation

JEL Classification: G3

working papers series


Download This Paper

Date posted: March 12, 2009  

Suggested Citation

Roberts, Michael R. and Sufi, Amir, Financial Contracting: A Survey of Empirical Research and Future Directions (February 23, 2009). Available at SSRN: http://ssrn.com/abstract=1356944 or http://dx.doi.org/10.2139/ssrn.1356944

Contact Information

Michael R. Roberts (Contact Author)
The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) ( email )
3620 Locust Walk, #2320
Philadelphia, PA 19104-6365
United States
(215) 573-9780 (Phone)
HOME PAGE: http://finance.wharton.upenn.edu/~mrrobert/
Amir Sufi
University of Chicago - Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
NBER
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Feedback to SSRN


Paper statistics
Abstract Views: 4,227
Downloads: 1,195
Download Rank: 8,372
References:  125
Citations:  10

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.360 seconds