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Capital Investment and Liquidity Management with collateralized debt.

Pierre, Erwan; Villeneuve, Stéphane; Warin, Xavier - Institut d'Économie Industrielle (IDEI), Toulouse … - 2014

This paper examines the dividend and investment policies of a cash constrained firm that has access to costly external … funding. We depart from the literature by allowing the firm to issue collateralized debt to increase its investment in …

Persistent link: https://www.econbiz.de/10011085470

Capital investment and liquidity management with collateralized debt

Pierre, Erwan; Villeneuve, Stéphane; Warin, Xavier - 2014

Persistent link: https://www.econbiz.de/10010437082

Numerical approximation of a cash-constrained firm value with investment opportunities

Pierre, Erwan; Villeneuve, Stéphane; Warin, Xavier - 2016

Persistent link: https://www.econbiz.de/10011498021

Liquidity management with decreasing returns to scale and secured credit line

Pierre, Erwan; Villeneuve, Stéphane; Warin, Xavier - In: Finance and stochastics 20 (2016) 4, pp. 809-854

Persistent link: https://www.econbiz.de/10011569835

Numerical approximation of a cash-constrained firm value with investment opportunities

Pierre, Erwan; Villeneuve, Stéphane; Warin, Xavier - 2016

Persistent link: https://www.econbiz.de/10012216445

Optimal portfolio selection with consumption and nonlinear integro-differential equations with gradient constraint: A viscosity solution approach

Reikvam, Kristin; Benth, Fred Espen; Karlsen, Kenneth … - In: Finance and Stochastics 5 (2001) 3, pp. 275-303

We study a problem of optimal consumption and portfolio selection in a market where the logreturns of the uncertain assets are not necessarily normally distributed. The natural models then involve pure-jump Lévy processes as driving noise instead of Brownian motion like in the Black and Scholes...

Persistent link: https://www.econbiz.de/10005390663

Short-termism, shareholder payouts, and investment in the EU

Fried, Jesse M.; Wang, Charles C. Y. - 2020

investment and cash balances have increased. In sum, the data provide little basis for the view that short-termism in the EU …

Persistent link: https://www.econbiz.de/10012511344

R&D Investments and Dividend Payout : Evidence concerning the Semi-Mandatory Dividend Policy in China

Yang, Bao - 2018

Since 2001, the China Securities Regulatory Commission has implemented a series of policies to ensure that dividend payments constitute a prerequisite of equity financing. This is known as the semi-mandatory dividend policy. Using a sample of Chinese listed firms from 2007 to 2015, we document...

Persistent link: https://www.econbiz.de/10012929313

Investment and Dividends under Irreversibility and Financial Constraints

Holt, Richard - School of Economics, University of Edinburgh - 2004

Research finds that firms' investment and dividend policies are distorted by irreversibility and finance constraints … theoretical result concerns the separation of the investment and payout thresholds. The ordering of investment and distribution … the constraints drive these results. Important ramifications for empirical work on investment are discussed. …

Persistent link: https://www.econbiz.de/10005086768

Minimizing the ruin probability allowing investments in two assets: a two-dimensional problem

Azcue, Pablo; Muler, Nora - In: Mathematical Methods of Operations Research 77 (2013) 2, pp. 177-206

We consider in this paper that the reserve of an insurance company follows the classical model, in which the aggregate claim amount follows a compound Poisson process. Our goal is to minimize the ruin probability of the company assuming that the management can invest dynamically part of the...

Persistent link: https://www.econbiz.de/10010999524

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