Investment and financing decisions under optimal long-term contracting

MaRDI QIDQ5367928zbMATH OpenFDO

Authors Liu Gan, Zhaojun Yang

Publication date 20 October 2017

zbMATH Keywords

geometric Brownian motioninvestment and financing decisionsoptimal controloptimal long-term contractingrisk aversion

Mathematics Subject Classification ID

Applications of Brownian motions and diffusion theory (population genetics, absorption problems, etc.) (60J70) Corporate finance (dividends, real options, etc.) (91G50)

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Cited in

(6)

• Efficient non-contractible investments in large economies.
• Leveraged investments and agency conflicts when cash flows are mean reverting
• The interaction of debt financing, cash grants and the optimal investment policy under uncertainty
• Internal financing, managerial compensation and multiple tasks
• The interaction of the productivity shocks with the agency problem and investment of the company
• Optimal Lending Contracts and Firm Dynamics

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