Market frictions and corporate finance: an overview paper

DOI10.1007/S11579-014-0121-5zbMATH Open1310.91141OpenAlexW3125713742MaRDI QIDQ475313FDOQ475313

Authors: Santiago Moreno-Bromberg, Jean-Charles Rochet 

Publication date: 26 November 2014

Published in: Mathematics and Financial Economics (Search for Journal in Brave)

Full work available at URL: https://www.zora.uzh.ch/id/eprint/99485/1/ZORA_NL_99485.pdf

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zbMATH Keywords

leverageliquiditysingular stochastic controlmanagementequity issuancestochastic impulse control

Mathematics Subject Classification ID

Portfolio theory (91G10) Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• Controlling risk exposure and dividends payout schemes: Insurance company example
• Title not available (Why is that?)
• Optimization of the flow of dividends
• Title not available (Why is that?)
• The Semimartingale Structure of Reflecting Brownian Motion
• Risk vs. profit potential:
• Optimal dividend distribution under Markov regime switching
• Boundary crossing probability for Brownian motion and general boundaries
• Super contact and related optimality conditions
• An explicit formula for the Skorokhod map on \([0,a]\)
• Firm behaviour under the threat of liquidation
• Optimal dividend policy with random interest rates
• Optimal risk and liquidity management with costly refinancing opportunities
• Corporate portfolio management

Cited In (4)

• Optimal dividends under Markov-modulated bankruptcy level
• When do creditors with heterogeneous beliefs agree to run?
• Credit market frictions and capital structure dynamics
• Corporate liquidity, dividend policy and default risk: optimal financial policy and agency costs

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