FINANCING AND INVESTMENT STRATEGIES UNDER CREDITOR-MAXIMIZED LIQUIDATION

DOI10.1142/S0219024921500138zbMath1470.91321OpenAlexW3149696164MaRDI QIDQ5010064

Takashi Shibata, Michi Nishihara

Publication date: 24 August 2021

Published in: International Journal of Theoretical and Applied Finance (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1142/s0219024921500138

zbMATH Keywords

real optionscredit spreadscreditor induced liquidationdebt issuance

Mathematics Subject Classification ID

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

Cites Work

• A structural model of debt pricing with creditor-determined liquidation
• Investment strategies, reversibility, and asymmetric information
• Default and liquidation timing under asymmetric information
• Investment timing, debt structure, and financing constraints
• CREDIT SPREAD AND LIQUIDATION VALUE-BASED DEBT FINANCING CONSTRAINT

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