Two-stage investment, loan guarantees and share buybacks

DOI10.1016/J.JEDC.2023.104741zbMath1526.91029OpenAlexW4386788685MaRDI QIDQ6087272

Linjia Dong, Michi Nishihara, Zhaojun Yang

Publication date: 15 November 2023

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2023.104741

zbMATH Keywords

real optionsgrowth optionalternative VC investmentguarantee-investmentshare buybacks

Mathematics Subject Classification ID

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

Cites Work

• Synergizing ventures
• The Share Repurchase Announcement Puzzle: Theory and Evidence
• A Liquidity-based Model of Security Design
• A Theory of Debt and Equity: Diversity of Securities and Manager-Shareholder Congruence
• Third-Party Credit Guarantees and the Cost of Debt: Evidence from Corporate Loans
• The timing of debt renegotiation and its implications for irreversible investment and capital structure

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