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بازار اوراق مشارکت
Even though only few companies participate in the corporate bond market, it matters.
Corporate bond markets have passed the test of time and apparently work.
would have lost money for decades and would have abandoned corporate bond markets a long time ago. 9
While corporate bond markets show that the conflicts of interests with delegated monitors can be successfully addressed, information technology further enhances the viability of disintermediated lending.
One reason delegated monitoring in corporate bond markets has worked so well is the abundance of hard information.
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