Corporate liquidity, dividend policy and default risk: optimal financial policy and agency costs
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Publication:3580184
DOI10.1142/S0219024910005929zbMATH Open1197.91194MaRDI QIDQ3580184FDOQ3580184
Authors: Yann Braouezec, Charles-Albert Lehalle 
Publication date: 11 August 2010
Published in: International Journal of Theoretical and Applied Finance (Search for Journal in Brave)
Recommendations
default riskdividend policyModigliani-Miller theoremcorporate liquidityagency cost of dividend policystochastic default thresholds
Cites Work
- The pricing of options and corporate liabilities
- Controlled diffusion models for optimal dividend pay-out
- Risk vs. profit potential:
- Optimal dividend policy and growth option
- Effects of confinement on the statistics of encounter times: exact analytical results for random walks in a partitioned lattice
- An analysis of the conditions for the validity of Modigliani-Miller theorem with incomplete markets
Cited In (9)
- Dividend policy relevance in a levered firm -- the binomial case
- Dividends as a signalling mechanism: the case of illiquid stock markets
- Interplay between dividend rate and business constraints for a financial corporation
- Dividend policy and capital structure of a defaultable firm
- Capital structure and tax convexity when the maturity of debt is finite
- Market frictions and corporate finance: an overview paper
- Endogenous Managerial Incentives and the Optimal Combination of Debt and Dividend Commitments
- Corporate Fraction and the Equilibrium Term Structure of Equity Risk *
- Exit options and dividend policy under liquidity constraints
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