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The Resource Firms, contracts, and financial structure, Oliver Hart

Firms, contracts, and financial structure, Oliver Hart

Label
Firms, contracts, and financial structure
Title
Firms, contracts, and financial structure
Statement of responsibility
Oliver Hart
Creator
Subject
Language
eng
Summary
This book provides a framework for thinking about economic institutions such as firms. The basic idea is that institutions arise in situations where people write incomplete contracts and where the allocation of power or control is therefore important. Power and control are not standard concepts in economic theory. The book begins by pointing out that traditional approaches cannot explain on the one hand why all transactions do not take place in one huge firm and on the other hand why firms matter at all. An incomplete contracting or property rights approach is then developed. It is argued that this approach can throw light on the boundaries of firms and on the meaning of asset ownership. In the remainder of the book, incomplete contracting ideas are applied to understand firms' financial decisions, in particular, the nature of debt and equity (why equity has votes and creditors have foreclosure rights); the capital structure decisions of public companies; bankruptcy procedure; and the allocation of voting rights across a company's shares. The book is written in a fairly non-technical style and includes many examples. It is aimed at advanced undergraduate and graduate students, academic and business economists, and lawyers, as well as those with an interest in corporate finance, privatization and regulation, and the transition from socialism to capitalism. Little background knowledge is required, since the concepts are developed as the book progresses and the existing literature is fully reviewed
Cataloging source
DLC
http://library.link/vocab/creatorName
Hart, Oliver
Illustrations
illustrations
Index
index present
LC call number
HB241
LC item number
.H354 1995
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Business enterprises
  • Corporations
  • Contracts
Label
Firms, contracts, and financial structure, Oliver Hart
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages [211]-222) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
32703648
Dimensions
22 cm
Extent
viii, 228 pages
Isbn
9780198288817
Isbn Type
(pbk.)
Lccn
95024169
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
Label
Firms, contracts, and financial structure, Oliver Hart
Publication
Bibliography note
Includes bibliographical references (pages [211]-222) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
32703648
Dimensions
22 cm
Extent
viii, 228 pages
Isbn
9780198288817
Isbn Type
(pbk.)
Lccn
95024169
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations

Library Locations

    • Pardee Legal Research CenterBorrow it
      5998 Alcalá Park, San Diego, CA, 92110-2492, US
      32.771471 -117.187496
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