Project financing versus corporate financing under asymmetric information

Preprint OPEN
Anton Miglo (2008)
  • Subject: asymmetric information, non-recourse debt, project-financing, asset securitization.
    • jel: jel:G32 | jel:O22 | jel:C72 | jel:D82 | jel:G29

In recent years financing through the creation of an independent project company or financing by non-recourse debt has become an important part of corporate decisions. Shah and Thakor (JET, 1987) argue that project financing can be optimal when asymmetric information ex... View more
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