Gryglewicz [9] presented a model of a firm that optimally chooses capital structure, cash holding, dividends, and default.
If the buyer were able to observe the farmer's type, the solution to the buyer's profit maximization problem would be to specify the output pair q ⋆, whether or not she chose capital levels.
However, firms with potentially higher bankruptcy costs, such as small firms or those with low asset tangibility, are biased toward choosing capital structures with higher inherent bankruptcy risks (Hovakimian et al. 2012).
The difference is due to two assumptions that differ from ours: (a) the principal always has the possibility to choose to observe inputs purchased by the agent; and (b) the timing of their model, especially the possibility of renegotiation after the agent chooses capital but before production occurs.
The reason for choosing capital cities was that, in China, these capital cities generally have high levels of health resources and public awareness about childhood allergic diseases, and doctors generally follow the national standard of clinical diagnosis.
The company said it had chosen the capital because of its experience in banking and financial services.
He wrote the Oration in 1486 to introduce his 900 Conclusions, having chosen the capital of Christendom as just the place to dispute the outrageous theological novelties advertised by them including the claim that magic and Cabala are the best proofs of Christ's divinity.
Choose capital appreciation.
The establishment of new kingdoms often meant some growth for the towns chosen as capitals.
Oligarchs swarm to vibrant London, choosing the capital over New York as a favoured destination.
A huge number of commenters chose the capital of Bosnia and Hezegovina as their favourite city.
