'Opportunistic behavior' diaporamas de présentation

INTRODUCTION TO PROJECT FINANCE

INTRODUCTION TO PROJECT FINANCE. OUTLINE. What is Project Finance? How does project finance create value? Project valuation Case analyses Recap. What Is Project Finance?. Definition Major characteristics Schematic example of a project structure Major project contracts. Definition:.

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Credit and Identity Theft

Credit and Identity Theft. Charles M. Kahn and William Roberds. Basic idea of paper. Present theory of fraud, including ID theft, in credit transactions ID theft arises endogenously as a form of opportunistic behavior Outgrowth of Kahn, McAndrews, and Roberds (IER 2005).

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Outsourcing and HRM

Outsourcing and HRM. Brian S. Klaas. The Market or the Organization. When outsourcing is used, firms are relying on a market-based form of governance to ensure they receive quality goods and services When firms keep processes in-house, they are relying on organizational governance .

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Economics 508 Discussion

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ECO 610-401

ECO 610-401. Monday, December 1 st Organizational Design: Centralized vs. Decentralized Readings, Brickley et al., 11-13 Monday, December 8 th Performance Measures Readings, Brickley et al., 16 Extended Assignment 3 due. Exam Distribution. Organizational Architecture.

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Coalition agreements and Cabinet Governance (Muller and Strom)

Coalition agreements and Cabinet Governance (Muller and Strom).

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Chapter 18 Asymmetric Information

Chapter 18 Asymmetric Information. The buyer needs a hundred eyes, the seller not one. George Herbert (1651). Chapter 18 Outline. Challenge: Dying to Work 18.1 Problems Due to Asymmetric Information 18.2 Responses to Adverse Selection 18.3 How Ignorance About Quality Drives Out

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Chapter 10: Corporate Governance (CG)

Chapter 10: Corporate Governance (CG). Overview: Define corporate governance and describe its purpose Separation between ownership and management control Agency relationship and managerial opportunism Three internal governance mechanisms used to monitor/control management decisions

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Public Private Partnerships for financing of infrastructure development

Public Private Partnerships for financing of infrastructure development. Akash Deep Harvard University December 1, 2005. Agenda. The objective: infrastructure development The mechanism: public private partnerships The actor: government The institution: national development banks.

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Perceptions of Agency Motives in Acquisitions: The Moderating Effects of the External Environment

Perceptions of Agency Motives in Acquisitions: The Moderating Effects of the External Environment. Kang, Eugene Texas A&M University. Introduction. Define agency problem. What are the three main assumptions of agency problems? Opportunistic agents. Conflicting goals. Information asymmetry.

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Key points

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Vertical Integration, Appropriable Rents, and The Competitive Contracting Process

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Vertical Integration, Appropriable Rents, and the Competitive Contracting Process

Vertical Integration, Appropriable Rents, and the Competitive Contracting Process. Journal of Law and Economics (1978). Benjamin Klein UCLA. Armen A. Alchian UCLA. Robert G. Crawford BYU. Presented by: Danielle Jones. Background.

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Vertical Integration, Appropriable Rents, and the Competitive Contracting Process

Vertical Integration, Appropriable Rents, and the Competitive Contracting Process. Journal of Law and Economics (1978). Benjamin Klein UCLA. Armen A. Alchian UCLA. Robert G. Crawford BYU. Presented by: Danielle Jones. Background.

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Vertical Integration, Appropriable Rents, and the Competitive Contracting Process

Vertical Integration, Appropriable Rents, and the Competitive Contracting Process. Journal of Law and Economics (1978). Benjamin Klein UCLA. Armen A. Alchian UCLA. Robert G. Crawford BYU. Presented by: Danielle Jones. Background.

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More on Vertical Relationships

More on Vertical Relationships. The Make or Buy Decision. Firms should internalize those activities that can be conducted within the firm more profitably than they can be purchased in the market and should purchase the others. Three basic drivers of vertical integration:

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Syndication of Venture Capital Investments - Lerner (1994)

Syndication of Venture Capital Investments - Lerner (1994). Why do Venture Capitalists Syndicate? 1. Syndication (in the first round) may lead to a superior selection of investments.

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