CORPORATE LIQUIDITY, DIVIDEND POLICY AND DEFAULT RISK: OPTIMAL FINANCIAL POLICY AND AGENCY COSTS

DOI10.1142/S0219024910005929zbMath1197.91194MaRDI QIDQ3580184

Yann Braouezec, Charles-Albert Lehalle

Publication date: 11 August 2010

Published in: International Journal of Theoretical and Applied Finance (Search for Journal in Brave)

zbMATH Keywords

default riskdividend policyModigliani-Miller theoremcorporate liquidityagency cost of dividend policystochastic default thresholds

Mathematics Subject Classification ID

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

Related Items (1)

CAPITAL STRUCTURE AND TAX CONVEXITY WHEN THE MATURITY OF DEBT IS FINITE

Cites Work

• The Pricing of Options and Corporate Liabilities
• Risk vs. profit potential:
• Controlled diffusion models for optimal dividend pay-out
• An analysis of the conditions for the validity of Modigliani-Miller theorem with incomplete markets
• 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

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