Leverage, uncertainty and investment decisions

DOI10.1016/J.ECONLET.2020.109052zbMath1437.91449OpenAlexW3012559835MaRDI QIDQ2180729

Turalay Kenc, Ciaran Driver

Publication date: 14 May 2020

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

Full work available at URL: https://eprints.soas.ac.uk/32507/1/Driver_Leverage%2C%20uncertainty%20and%20investment%20decisions_AAM.pdf

zbMATH Keywords

uncertaintyleverageirreversible investmenttax incentives

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• Super contact and related optimality conditions
• Smooth pasting as rate of return equalization

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