Equity value, bankruptcy, and optimal dividend policy with finite maturity -- variational inequality approach with discontinuous coefficient

DOI10.1186/S13660-015-0588-5MaRDI QIDQ2262007zbMATH OpenOpenAlexWikidataFDO

Authors Xiaoru Han, Fahuai Yi

Publication date 16 March 2015

Published in Journal of Inequalities and Applications (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1186/s13660-015-0588-5

zbMATH Keywords

finite horizonoptimal dividend policyequity valueoptimal bankruptcy boundary

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50) Free boundary problems for PDEs (35R35) Variational and other types of inequalities involving nonlinear operators (general) (47J20) Applications of stochastic analysis (to PDEs, etc.) (60H30) Financial applications of other theories (91G80) Optimal stochastic control (93E20)

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Cites work

• scientific article; zbMATH DE number 3899626 (Why is no real title available?)
• scientific article; zbMATH DE number 1061253 (Why is no real title available?)
• scientific article; zbMATH DE number 3241528 (Why is no real title available?)
• scientific article; zbMATH DE number 2233868 (Why is no real title available?)
• Continuous-time stochastic control and optimization with financial applications
• Debt-equity swap with finite time horizon -- variational inequality approach
• On an Aleksandrov-Bakel'Man Type Maximum Principle for Second-Order Parabolic Equations
• Parabolic variational inequalities in one space dimension and smoothness of the free boundary

Cited in

(3)

• Debt-equity swap with finite time horizon -- variational inequality approach
• Market frictions and corporate finance: an overview paper
• Optimal dividends and bankruptcy procedures: Analysis of the Ornstein-Uhlenbeck process

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