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Jukka Vauhkonen
''An incomplete contracts approach to financial contracting: a comment''
( 2002, Vol. 7 No.1 )
We show that the principal result of Aghion and Bolton (1992) related to the optimality properties of contingent control allocations under incomplete contracting environment holds only if an additional condition is satisfied.
JEL: G3 - Corporate Finance and Governance: General
Manuscript Received : Apr 22 2002 Manuscript Accepted : May 28 2002

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