The informational content of subordinated debt and equity prices in the presence of bankruptcy costs

DOI10.1016/J.EJOR.2003.12.008zbMath1066.91047OpenAlexW2165014627MaRDI QIDQ704065

Eugene Nivorozhkin

Publication date: 12 January 2005

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

Full work available at URL: https://doi.org/10.1016/j.ejor.2003.12.008

zbMATH Keywords

Deposit insuranceBankBankruptcy costsEquitySubordinated debt

Mathematics Subject Classification ID

Related Items (3)

A dynamic program for valuing corporate securities ⋮ Strategic bank closure and deposit insurance valuation ⋮ Game theoretic valuation of deposit insurance under jump risk: from too small to survive to too big to fail

Cites Work

• The Pricing of Options and Corporate Liabilities
• Market discipline of subordinated debt in banking: The case of costly bankruptcy

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