Short-Term Contracts as a Monitoring Device
收藏NBER1993-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4514
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资源简介：
This paper focuses on two separate problems. The first is that frequently, the most profitable use of funds involves long-term investments, which militiates for long-term debt contracts. The second problem is to monitor the investor's use of funds, as exemplified by the U.S. S&L saga, and we argue
提供机构：
美国国家经济研究局创建时间：
1993-10-01
