Dividends and leverage: how to optimally exploit a non-renewable investment

DOI10.1016/j.jedc.2010.11.007zbMath1232.91732OpenAlexW2090367243MaRDI QIDQ621273

Delia Coculescu

Publication date: 2 February 2011

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2010.11.007

zbMATH Keywords

agency costsdefault riskcapital structuredividend policybankruptcy costsnon-renewable investment

Mathematics Subject Classification ID

Credit risk (91G40) Actuarial science and mathematical finance (91G99)

Cites Work

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• Default and Renegotiation: A Dynamic Model of Debt
• Term Structures of Credit Spreads with Incomplete Accounting Information
• A Dynamic Model of Optimal Capital Structure

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