Financial Contracting: A Survey of Empirical Research and Future Directions
综述了公司金融中金融契约的实证证据，涵盖激励冲突、控制权、抵押品、重新谈判及与其他治理机制的互动，并指出未来研究方向，对研究资本结构、投资政策等的学者有参考价值。
We review recent evidence and future directions for empirical research on financial contracting in the context of corporate finance. Specifically, we survey evidence pertaining to incentive conflicts, control rights, collateral, renegotiation, and interactions between financial contracts and other governance mechanisms. We also discuss directions for future research, concluding that the financial contracting approach offers a potentially fruitful perspective for empirical researchers seeking to better understand a variety of issues in corporate finance including capital structure, investment policy, payout policy, and corporate governance.