Real options for an entrepreneur with preferences for liquidity

DOI10.1016/J.ECONLET.2021.109889zbMath1467.91208OpenAlexW3158405831MaRDI QIDQ2036978

DanDan Song, Pengfei Luo, Ting Lu

Publication date: 30 June 2021

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2021.109889

zbMATH Keywords

incomplete marketreal optionspreferences for liquidity

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• Optimum consumption and portfolio rules in a continuous-time model
• Optimal consumption and savings with stochastic income and recursive utility
• Consumption-portfolio choice with preferences for cash
• Macroeconomic environment, money demand and portfolio choice

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