Agarwal, Sumit; Ambrose, Brent W.; Huang, Hongming; … - In: Journal of Financial and Quantitative Analysis 46 (2011) 02, pp. 553-584
This paper focuses on the defaultable lease rate term structure with endogenous default. We combine the competitive lease market argument proposed by Grenadier (1996) and the endogenous default structural model proposed by Leland and Toft (1996) to examine the interaction between the lessee’s...
