Heslington
York, YO1 5DD
United Kingdom
University of York
Collateral, Secured debt, Pledgeability
Mergers and acquisitions; selling process; asset complementarity; optimality; auctions
Pledgeability, Investment Efficiency, Soft Budget Constraint, Asymmetric Information, Collateral, Zombie Lending, Under-Investment
debt overhang, adverse selection, capital structure, debt maturity, underinvestment
Implementation, renegotiation-proofness, incomplete contracts, hold- up, contracting with third-parties.
Credit ratings, Coarseness, Information precision, Adverse selection, Effort moral hazard
Adverse selection, strictly positive profits, market breakdown
adverse selection, strictly positive profits, security design