-sum investment cost, of which a fraction must be financed by entering into an equity-for-guarantee swap. The entrepreneur is exposed … a geometric Brownian motion. We derive the corporate security prices, guarantee costs, optimal investment and financing … policy. Numerical analysis discovers that the entrepreneur postpones investment in boom but accelerates in recession. The …

Over the last two decades, commodity indices have been increasingly used to achieve investment portfolio …

pointed as new innovations in the financial markets and new understanding of the capital structure theory. The main … irrelevant was the first challenge against the distinctions between debt and equity. The theory says that financing with debt or …