Tobin's \(q\) and corporate investment with a pandemic shock

DOI10.1016/j.econlet.2021.110141zbMath1479.91438OpenAlexW3210564768MaRDI QIDQ824017

Tongtong Li, Jinqiang Yang, Siqi Zhao, Shi-Lin Li

Publication date: 14 December 2021

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2021.110141

zbMATH Keywords

adjustment costscorporate investmentmitigation policypandemic risk

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Corporate finance (dividends, real options, etc.) (91G50)

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Optimal capital structure and credit spreads under pandemic shocks

Cites Work

• A Stochastic Differential Equation SIS Epidemic Model
• Tobin's Marginal q and Average q: A Neoclassical Interpretation