A generally accepted view is that sophisticated bankruptcy procedures are required to mitigate coordination failures and fire sale discounts arising...
This paper develops a theory of the joint allocation of control and cash-flow rights in venture capital deals. When the need for VC advice and support...
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top...
We develop a theory of blockchain governance. In our model, the proof-of-work system, which is the most common set of rules for validating transactions...
Despite its massive size, the corporate debt market is often considered a sleepy refuge for the risk-averse. Yet, corporate debt contracts are often...