CREDIT SPREAD AND LIQUIDATION VALUE-BASED DEBT FINANCING CONSTRAINT

DOI10.1142/S0219024919500213zbMath1422.91756OpenAlexW2943909261MaRDI QIDQ5234009

Michi Nishihara, Takashi Shibata

Publication date: 9 September 2019

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

Full work available at URL: https://doi.org/10.1142/s0219024919500213

zbMATH Keywords

financial frictionsliquidationstructural modelfinancing constraints

Mathematics Subject Classification ID

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

Related Items (1)

FINANCING AND INVESTMENT STRATEGIES UNDER CREDITOR-MAXIMIZED LIQUIDATION

Cites Work

• On the neutrality of debt in investment intensity
• Default and liquidation timing under asymmetric information
• When does strategic debt-service matter?
• Investment timing, debt structure, and financing constraints
• MANAGING CORPORATE LIQUIDITY: STRATEGIES AND PRICING IMPLICATIONS
• Dynamic Competitive Economies with Complete Markets and Collateral Constraints

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