Golbeck, Steven; Linetsky, Vadim - In: Journal of Banking & Finance 37 (2013) 1, pp. 43-59
This paper develops a model for the unified valuation of all forms of real asset financing, such as bank loans, leases, securitization vehicles, and credit guarantees, secured by assets that generate a stochastic service flow to the operator, or a rental stream to the lessor, and depreciate over...
