Optimal capital structure and simultaneous bankruptcy of firms in corporate networks

DOI10.1016/j.jedc.2021.104264zbMath1478.91186OpenAlexW3208759964MaRDI QIDQ2054846

Michi Nishihara, Takashi Shibata

Publication date: 3 December 2021

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2021.104264

zbMATH Keywords

real optionscontagionherdingcapital structurebankruptcy propagation

Mathematics Subject Classification ID

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

Cites Work

• Unnamed Item
• Credit chains and bankruptcy propagation in production networks
• Asset sale, debt restructuring, and liquidation
• Liquidation, fire sales, and acquirers' private information
• Systemic Risk in Financial Systems
• Trade Credit and the Propagation of Corporate Failure: An Empirical Analysis

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