Beneficial "Firm Runs"
论文提出企业挤兑（如银行挤兑）并非只有坏处，还能改善贷款人的监督激励，从而控制企业的道德风险问题。
The author argues that runs, which are generally considered undesirable, also have a beneficial effect--improving lenders' monitoring incentives. Lenders' ability to run on the firm helps control its moral hazard problem, while the first-come, first-served aspect of asset distribution keeps lenders from wanting to free ride on the monitoring efforts of others.