Essays on security design
The proposed thesis comprises three essays on the design of financial securities in the presence of frictions. The first essay develops a dynamic model of the impact of security designs on investment behavior and examines the adverse incentives created by debt and by equity when information is ex an...
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| Format: | Others |
| Language: | en |
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McGill University
2000
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| Online Access: | http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=37805 |