Welcome to Encycogov
 
What is corporate governance?
 About Encycogov - FAQ
 Announcements
 References
 

Key topics
 The big picture
 Stock price formation
 Fundamental value analysis
 
International corp. governance


Incentive mechanisms
 Decision system
 
Performance monitoring
 Incentive based compensation
 Bankruptcy system
 Ownership structure
 Creditor structure
 Capital structure
 Market for corporate control
 
Labor market competition
 
Product market competition


Related topics
 
Transaction cost economics
 Positive economics


 

 


Creditor structure

Introduction: The creditor structure is here defined by the distribution of debt and by the identity of the creditors. These structures are also of importance in corporate governance because they can determine the incentives of managers and thereby the economic efficiency of the corporations they manage. Two references on creditor structures are Berle [1926], and Stiglitz [1985].


Contents

 
Copyright © 1999 - 2017 H. Mathiesen. All rights reserved. Contact Encycogov