Investment under uncertainty with financial constraints

DOI10.1016/J.JET.2019.06.008MaRDI QIDQ2334115zbMATH OpenOpenAlexFDO

Authors Patrick Bolton, Neng Wang, Jinqiang Yang

Publication date 7 November 2019

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://www.nber.org/papers/w20610.pdf

zbMATH Keywords

corporate savingscostly external financingfinancial flexibilitymarginal value of cashreal optionsseasoned equity offerings

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50)

Recommendations

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Cites work

• scientific article; zbMATH DE number 3727272 (Why is no real title available?)
• scientific article; zbMATH DE number 192908 (Why is no real title available?)
• scientific article; zbMATH DE number 6137478 (Why is no real title available?)
• Investment and the Valuation of Firms When There is an Option to Shut Down
• On the optimal stopping problem for one-dimensional diffusions.
• Optimal dividend policy and growth option
• Prospect theory and liquidation decisions
• Real options and preemption under incomplete information
• Really uncertain business cycles
• Risk, uncertainty, and option exercise
• The Impact of Uncertainty Shocks
• The pricing of options and corporate liabilities

Cited in

(10)

• Preemptive investment under uncertainty
• Investment and dividends under irreversibility and financial constraints
• Investment decisions under incomplete markets in the presence of wealth effects
• Learning about profitability and dynamic cash management
• Investment under uncertainty, competition and regulation
• High uncertainty financing
• Uncertainty and Investment Dynamics
• Investment under Uncertainty in Dynamic Conflicts
• Investment under alternative return assumptions
• Irreversible investment under endowment constraints

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