Liquidity and liquidation

DOI10.1007/S00199-006-0113-7MaRDI QIDQ878406zbMATH OpenOpenAlexFDO

Authors David L. Kelly, Stephen F. LeRoy

Publication date 26 April 2007

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://escholarship.org/uc/item/4fq7n6pj

zbMATH Keywords

Agency costsAsset pricingBankruptcy costsIlliquid assetOptimal capital structureSearch

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)

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Cites work

• Equilibrium valuation of illiquid assets
• Minimizing a Submodular Function on a Lattice
• Monotone Comparative Statics

Cited in

(17)

• Asset sale, debt restructuring, and liquidation
• Default and liquidation timing under asymmetric information
• The effects of asset liquidity on dynamic sell-out and bankruptcy decisions
• Liquidation, fire sales, and acquirers' private information
• Liquidating illiquid collateral
• Capital Structure in an Industry Equilibrium with Endogenous Liquidation Values *
• The liquidity discount.
• MANAGING CORPORATE LIQUIDITY: STRATEGIES AND PRICING IMPLICATIONS
• Liquidity and Trading Dynamics
• scientific article; zbMATH DE number 5130804 (Why is no real title available?)
• RESOLVING THE LIQUIDITY PUZZLE
• Liquidity hoarding
• Bubbly Liquidity
• Exit Options in Corporate Finance: Liquidity versus Incentives*
• Corporate Walkout Decisions and the Value of Default
• Asset selling under debt obligations
• A structural model of debt pricing with creditor-determined liquidation

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