Entrepreneurial finance with equity-for-guarantee swap and idiosyncratic risk

DOI10.1016/j.ejor.2014.09.013zbMath1339.91131OpenAlexW3123820657WikidataQ58147793 ScholiaQ58147793MaRDI QIDQ2629730

Huamao Wang, Hai Zhang, Zhaojun Yang

Publication date: 6 July 2016

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

Full work available at URL: https://kar.kent.ac.uk/41207/7/AAM%2520EJOR%2520swap%2520part-edit%25201-s2.0-S0377221714007346-main.pdf

zbMATH Keywords

financeborrowing constraintscapital structureequity-for-guarantee swapcash-out option

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50) Credit risk (91G40)

Related Items (6)

Investment and financing for SMEs with a partial guarantee and jump risk ⋮ Investment and financing for SMEs with bank-tax-guarantee ⋮ Investment, consumption smoothing with credit guarantee and adverse selection ⋮ 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 ⋮ OR for entrepreneurial ecosystems: a problem-oriented review and agenda

Cites Work

• Optimum consumption and portfolio rules in a continuous-time model
• Optimal capital structure with an equity-for-guarantee swap
• Optimal investment under operational flexibility, risk aversion, and uncertainty
• Consumption utility-based pricing and timing of the option to invest with partial information
• Utility based pricing and exercising of real options under geometric mean reversion and risk aversion toward idiosyncratic risk
• Updating a credit-scoring model based on new attributes without realization of actual data
• VALUATION OF CLAIMS ON NONTRADED ASSETS USING UTILITY MAXIMIZATION

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