Security design: a review
File(s)
Published version
Author(s)
Allen, Franklin
Barbalau, Adelina
Type
Journal Article
Abstract
Security design, which broadly speaking deals with the issue of designing optimal contractual mechanisms for overcoming various frictions between agents, is the subject of an extensive literature. This paper presents a review of recent work on security design and is organized around the applications of security design in various fields of finance starting with classic corporate finance applications such as capital structure and corporate governance, financial intermediation applications such as securitization and contingent capital, the interaction of market and security design, as well as emerging applications such as fintech, sustainable finance and healthcare finance. Future research is also discussed.
Date Issued
2024-10
Date Acceptance
2024-08-30
Citation
Journal of Financial Intermediation, 2024, 60
ISSN
1042-9573
Publisher
Elsevier BV
Journal / Book Title
Journal of Financial Intermediation
Volume
60
Copyright Statement
© 2024 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
License URL
Identifier
http://dx.doi.org/10.1016/j.jfi.2024.101113
Publication Status
Published
Article Number
101113
Date Publish Online
2024-09-03