Effects of Ownership Pattern on Capital Structure: A Special Case of Stock and Mutual Property Liability Insurance Firms (Solvency, Liquidity)
type: CreativeWork
description: First, the situation in an idealized world without taxes is discussed. It is shown that in the absence of monitoring, both stock and mutual firms will minimize equity. When monitoring is allowed, firms may minimize or maximize equity depending on the circumstances. Under certain other conditions firms may be indifferent to the level of equity.
abstract: First, the situation in an idealized world without taxes is discussed. It is shown that in the absence of monitoring, both stock and mutual firms will minimize equity. When monitoring is allowed, firms may minimize or maximize equity depending on the circumstances. Under certain other conditions firms may be indifferent to the level of equity.
author: Datta, Prabir
keywords: Economics, Finance
date published: 2014-12-16T18:34:50Z
date modified: 2026-07-22T22:26:05Z
provider: University of Illinois - Urbana-Champaign
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Illinois at Urbana-Champaign

PropertyValue
property ID: Handle
value: http://hdl.handle.net/2142/71521