Risk-Taking, Agency Problem, and Small Business Loan Guarantee: An Application of Option Pricing Theory
Abstract
We examine the relationship between the small business loan guarantee and the agency problem of small firms. We then recommend financial instruments or financial contracts that can minimize of eliminate the moral hazard...
Paper Details
Title
Risk-Taking, Agency Problem, and Small Business Loan Guarantee: An Application of Option Pricing Theory
Published Date
Dec 1, 2001
Volume
6
Issue
1
Pages
24 - 43
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