Costly state verification
Costly State Verification (CSV) is an approach in contract theory that considers a contract design problem in which verification (or disclosure) of enterprise performance is costly and a lender has to pay a monitoring cost. Viewed from the CSV perspective, the main function of bankruptcy institutions is to establish a clear inventory of all assets and liabilities and to assess the net value of the firm. The solution to this problem should provide ex-ante optimal contract structure which specify in which scenario realized cash flow should be audited and certified.
known for
Link from a Wikipage to another Wikipage
known for
primaryTopic
Costly state verification
Costly State Verification (CSV) is an approach in contract theory that considers a contract design problem in which verification (or disclosure) of enterprise performance is costly and a lender has to pay a monitoring cost. Viewed from the CSV perspective, the main function of bankruptcy institutions is to establish a clear inventory of all assets and liabilities and to assess the net value of the firm. The solution to this problem should provide ex-ante optimal contract structure which specify in which scenario realized cash flow should be audited and certified.
has abstract
Costly State Verification (CSV ...... ndertaken by the entrepreneur.
@en
Wikipage page ID
21,302,154
page length (characters) of wiki page
Wikipage revision ID
1,015,568,803
Link from a Wikipage to another Wikipage
comment
Costly State Verification (CSV ...... ould be audited and certified.
@en
label
Costly state verification
@en