Optimal capital structure and investment decisions under time-inconsistent preferences

DOI10.1016/J.JEDC.2016.02.001MaRDI QIDQ1656776zbMATH OpenOpenAlexFDO

Authors Yuan Tian

Publication date 10 August 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2016.02.001

zbMATH Keywords

capital structuredefaultinvestmentquasi-hyperbolic discountingtime inconsistency

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic dynamics (91B55) Stochastic models in economics (91B70)

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Cites work

• A game theory analysis of options. Corporate finance and financial intermediation in continuous time. With a forword by Heinz Zimmermann
• Golden Eggs and Hyperbolic Discounting
• Handbook of the economics of finance. Volume 2A. Corporate finance
• Instantaneous Gratification *

Cited in

(20)

• Self-coordination in time inconsistent stochastic decision problems: a planner-doer game framework
• Time-inconsistent preferences, investment and asset pricing
• Valuation of mortgage interest deductibility under uncertainty: an option pricing approach
• Investment and financing decisions in the presence of time-to-build
• Present-biased government and sovereign debt dynamics
• Investment timing, capacity choice and optimal floors and ceilings
• Hedge fund's dynamic leverage decisions under time-inconsistent preferences
• R\&D investment under time-inconsistent preferences
• Optimal capital structure, ambiguity aversion, and leverage puzzles
• Understanding time-inconsistent heterogeneous preferences in economics and finance: a practice theory approach
• Real option duopolies with quasi-hyperbolic discounting
• Optimal financing and dividend strategies with time inconsistency in a regime switching economy
• Equilibrium periodic dividend strategies with non-exponential discounting for spectrally positive Lévy processes
• Quasi-hyperbolic discounting under recursive utility and consumption-investment decisions
• Time (in)consistency and real options: much ado about nothing?
• scientific article; zbMATH DE number 7295776 (Why is no real title available?)
• Capital Structure under Heterogeneous Beliefs*
• Short-Term versus Long-Term Interests: Capital Structure with Multiple Investors
• Time to build capital: revisiting investment-cash-flow sensitivities
• Present-bias and the value of sophistication: splurging vs. smoothing

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