Asset sale, debt restructuring, and liquidation

DOI10.1016/j.jedc.2016.03.011zbMath1401.91227OpenAlexW2283937067MaRDI QIDQ1656792

Takashi Shibata, Michi Nishihara

Publication date: 10 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/11094/52391

zbMATH Keywords

real optionsliquidationcapital structureasset saledebt renegotiation

Mathematics Subject Classification ID

Numerical methods (including Monte Carlo methods) (91G60) Production theory, theory of the firm (91B38)

Related Items

The use of equity financing in debt renegotiation ⋮ Dynamic bankruptcy procedure with asymmetric information between insiders and outsiders ⋮ The timing of debt renegotiation and its implications for irreversible investment and capital structure ⋮ Default and liquidation timing under asymmetric information ⋮ A stochastic model with interacting managerial operating options and debt rescheduling ⋮ The effects of asset liquidity on dynamic sell-out and bankruptcy decisions ⋮ Optimal capital structure and simultaneous bankruptcy of firms in corporate networks ⋮ Liquidation, fire sales, and acquirers' private information

Cites Work

• Uncertainty and stepwise investment
• Investment timing, debt structure, and financing constraints