Exit options and dividend policy under liquidity constraints

DOI10.1111/IERE.12046MaRDI QIDQ5406948zbMATH OpenOpenAlexFDO

Authors Pauli Murto, Marko Terviö

Publication date 4 April 2014

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/iere.12046

Mathematics Subject Classification ID

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

Recommendations

• Firm behaviour under the threat of liquidation
• Investment and dividends under irreversibility and financial constraints
• Corporate liquidity, dividend policy and default risk: optimal financial policy and agency costs
• Exit strategies and price uncertainty: A Greenian approach
• Optimal payout policy in presence of downside risk

Cites work

• Corporate portfolio management
• Entry, Exit, and firm Dynamics in Long Run Equilibrium
• Exit options and dividend policy under liquidity constraints
• Firm behaviour under the threat of liquidation
• Optimal Lending Contracts and Firm Dynamics
• Optimal dividend policy and growth option
• Option pricing: A simplified approach
• Profit Maximization and the Market Selection Hypothesis
• Risk vs. profit potential:
• Super contact and related optimality conditions

Cited in

(5)

• Exit Options in Corporate Finance: Liquidity versus Incentives*
• Dividend policy and capital structure of a defaultable firm
• Learning about profitability and dynamic cash management
• Corporate liquidity, dividend policy and default risk: optimal financial policy and agency costs
• Exit options and dividend policy under liquidity constraints

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