search query: @author Robe, M. A. / total: 3
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| Author: | Robe, M. A. |
| Title: | Optimal vs. traditional securities under moral hazard |
| Journal: | Journal of Financial and Quantitative Analysis
1999 : JUN, VOL. 34:2, p. 161-189 |
| Index terms: | Securities Stock markets Moral hazard |
| Language: | eng |
| Abstract: | This paper provides an explanation for the widespread use of traditional securities by well-established firms. It shows that issuing these securities is, nevertheless, nearly optimal: the issuer would gain very little by using non-traditional securities instead. |
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