Firm boundaries and financing with opportunistic stakeholder behaviour
(2019)
Journal Article
Aney, M. S., Appelbaum, E., & Banerji, S. (2019). Firm boundaries and financing with opportunistic stakeholder behaviour. Journal of Corporate Finance, 56, 437-457. https://doi.org/10.1016/j.jcorpfin.2018.12.003
We explore the impact of strategic behaviour of equity holders, debt holders and an opportunistic supplier of a critical input on the firm's capital structure, organisational design, and its outsourcing decision. We show that the supplier can trigger... Read More about Firm boundaries and financing with opportunistic stakeholder behaviour.