How big is the debt overhang problem?

DOI10.1016/j.jedc.2005.10.008zbMath1162.91510OpenAlexW2048211152MaRDI QIDQ959740

Nathalie Moyen

Publication date: 12 December 2008

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2005.10.008

zbMATH Keywords

debt overhangdynamic capital structureagency problemsunderinvestment

Mathematics Subject Classification ID

Related Items (3)

Leveraged investments and agency conflicts when cash flows are mean reverting ⋮ Does performance-sensitive debt mitigate debt overhang? ⋮ The role of non-convex costs in firms' investment and financial dynamics

Cites Work

• Corporation Tax, Finance and the Cost of Capital
• A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix
• Accuracy in Simulations
• A Dynamic Model of Optimal Capital Structure

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