Latest studies show one dual holders-that is, organizations one to simultaneously hold guarantee and loans of the same corporation-internalize the latest stockholder-creditor dispute and you will bring about added bonus alignment between them activities (Jiang ainsi que al. Yet not, mitigation of one’s stockholder-creditor argument appear at the expense of releasing a special disagreement certainly loan providers. Loan providers carrying high guarantee limits for the debtor firms may have really additional bonuses than simply loan providers carrying really small if any guarantee bet. Which disagreement ranging from loan providers is hence connect with ex-ante debt employing and you may old boyfriend-blog post obligations renegotiation. Celý příspěvek →