Effect of Corporation Contract Efficiency under Control on the Financial Imperfect Financial Contract
TANG Chen - li, LIU Xing ,
DOI:10.11835/j.issn.1674-4764.2006.06.030
Received March 26, 2006,Revised March 26, 2006, Accepted , Available online July 01, 2015
Volume ,2006,Pages 115-119
- Abstract
In this paper a game model for the effect of corporation control on the financial contract efficiency under imperfect financial contract has been set up.With introducing the factor of control power,the factors influencing the efficiency of the financial contract are not only the efforts of investors and administrators and the welfare of the administrator but more important is the imperfectness of the financial contract,which can be used for discussion on transformation mechanism of the influence of the funding behavior.