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Contingent Capital, Tail Risk, and Debt-Induced Collapse
Chen, Nan - 2015
contingent capital and debt maturity on capital structure, debt overhang, and asset substitution. We also calibrate the model to …
Persistent link: https://www.econbiz.de/10013034648
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Optimal debt maturity and firm investment
Jungherr, Joachim; Schott, Immo - 2016
Persistent link: https://www.econbiz.de/10011607331
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Dynamic debt maturity
He, Zhiguo; Milbradt, Konstantin - In: The review of financial studies 29 (2016) 10, pp. 2677-2736
Persistent link: https://www.econbiz.de/10011611044
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Contingent capital, tail risk, and debt-induced collapse
Chen, Nan; Glasserman, Paul; Nouri, Behzad; Pelger, Markus - In: The review of financial studies 30 (2017) 11, pp. 3921-3969
Persistent link: https://www.econbiz.de/10011755830
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Dynamic Debt Maturity
He, Zhiguo - 2016
A firm chooses its debt maturity structure and default timing dynamically, both without commitment. Via the fraction of … newly issued short-term bonds, equity holders control the maturity structure, which affects their endogenous default …
Persistent link: https://www.econbiz.de/10012456753
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Releveraging/Deleveraging Dynamics : Debt Maturity and Operational Leverage
Ibañez, Alfredo - 2023
We study a rich dynamic-leverage model that includes (debt-issuance covenants, a debt floor/ceiling, and specially) a fixed cost. When firms face financial but also operational leverage---the fixed cost, the firm's financial policies strongly interact---bringing forward the default time but...
Persistent link: https://www.econbiz.de/10014350309
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Corporate debt maturity and investment over the business cycle
Pöschl, Johannes - In: European economic review : EER 152 (2023), pp. 1-26
Persistent link: https://www.econbiz.de/10014430146
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Optimal debt maturity and firm investment
Jungherr, Joachim; Schott, Immo - In: Review of economic dynamics 42 (2021), pp. 110-132
Persistent link: https://www.econbiz.de/10014527309
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Pricing Corporate Debt with Finite Maturity and Chapter 11 Proceedings
Dai, Min - 2012
develop a continuous-time pricing model by optimal stopping time theory. The resulting free boundary corresponds to the … subtle as time goes to maturity. Also, our model yields higher equity values than Broadie and Kaya's model because the …
Persistent link: https://www.econbiz.de/10013111141
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Multi-period defaults and maturity effects on economic capital in a ratings-based default-mode model
Gürtler, Marc; Heithecker, Dirk - In: Die Betriebswirtschaft : DBW 68 (2008) 5, pp. 501-524
Persistent link: https://www.econbiz.de/10003759089