Investment timing, debt structure, and financing constraints

DOI10.1016/j.ejor.2014.09.011zbMath1339.91130OpenAlexW1967407804MaRDI QIDQ2629694

Takashi Shibata, Michi Nishihara

Publication date: 6 July 2016

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2014.09.011

zbMATH Keywords

real optionsfinanceinvestment strategiesdebt structuredebt issuance limit constraints

Mathematics Subject Classification ID

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

Related Items (15)

Strategic entry in a triopoly market of firms with asymmetric cost structures ⋮ Investment and financing for SMEs with a partial guarantee and jump risk ⋮ Asset sale, debt restructuring, and liquidation ⋮ Closed-form solution to a real option problem with regime switching ⋮ Default and liquidation timing under asymmetric information ⋮ The interaction of debt financing, cash grants and the optimal investment policy under uncertainty ⋮ REAL OPTION SIGNALING GAMES OF DEBT FINANCING USING EQUITY GUARANTEE SWAPS UNDER ASYMMETRIC INFORMATION ⋮ Does performance-sensitive debt mitigate debt overhang? ⋮ When and how much to invest? Investment and capacity choice under product life cycle uncertainty ⋮ Real options in operations research: a review ⋮ The effects of asset liquidity on dynamic sell-out and bankruptcy decisions ⋮ Capacity investment choices under cost heterogeneity and output flexibility in oligopoly ⋮ Structural recovery of face value at default ⋮ CREDIT SPREAD AND LIQUIDATION VALUE-BASED DEBT FINANCING CONSTRAINT ⋮ FINANCING AND INVESTMENT STRATEGIES UNDER CREDITOR-MAXIMIZED LIQUIDATION

Cites Work

• Interactions between investment timing and management effort under asymmetric information: costs and benefits of privatized firms
• On the neutrality of debt in investment intensity
• Dynamic investment and capital structure under manager-shareholder conflict
• Uncertainty and stepwise investment
• Risk analysis with contractual default. Does covenant breach matter?
• Incentive-Compatible Debt Contracts: The One-Period Problem

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