Equity value, bankruptcy, and optimal dividend policy with finite maturity -- variational inequality approach with discontinuous coefficient (Q2262007)
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scientific article; zbMATH DE number 6414866
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| English | Equity value, bankruptcy, and optimal dividend policy with finite maturity -- variational inequality approach with discontinuous coefficient |
scientific article; zbMATH DE number 6414866 |
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Equity value, bankruptcy, and optimal dividend policy with finite maturity -- variational inequality approach with discontinuous coefficient (English)
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16 March 2015
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The authors develop a continuous-time model for the finite horizon corporate equity, provide a theoretical analysis of the behaviors of the optimal bankruptcy boundary, and obtain the optimal dividend policy. The model is formulated as a parabolic variational inequality.
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equity value
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optimal bankruptcy boundary
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finite horizon
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optimal dividend policy
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0.7737639546394348
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0.7710175514221191
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0.7586122751235962
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0.7562114596366882
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0.7526139616966248
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