REAL OPTIONS, INVESTMENT AND FINANCING DECISIONS, AND THE THEORY OF THE FlRM
Öz
Inthe agency theory of the firm, Jensen and Mackling (1976) defmes the corporatlons as legal fictions which serve as a nexus for a set of contraeting relationslıips among individuals. 1 The agency costs explanation of the theory of the fımı helps us ID understand better the nabJre of the relationships among owners, managers, debtbolders. employees, suppliers, costwners and the regulatory power. In another seminal paper, Black and Scholes (1973) provides a tey to the valuation of contingent claims which, like options, have payoffs that are contingellt on the future value of another asset
Anahtar Kelimeler
Ayrıntılar
Birincil Dil
İngilizce
Konular
-
Bölüm
Araştırma Makalesi
Yazarlar
Asım Gürsel Çelik
Bu kişi benim
Yayımlanma Tarihi
1 Ocak 1995
Gönderilme Tarihi
31 Temmuz 2014
Kabul Tarihi
-
Yayımlandığı Sayı
Yıl 1995 Cilt: 50 Sayı: 01