Investment Reversibility and Agency Cost of Debt

DOI10.1111/J.1468-0262.2008.00838.XzbMATH Open1133.91433OpenAlexW2115599345MaRDI QIDQ5456472FDOQ5456472

Authors: Gustavo Manso 

Publication date: 8 April 2008

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/j.1468-0262.2008.00838.x

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zbMATH Keywords

real optionsasset substitutiondebt financingdebt overhangagency problemsunderinvestment

Mathematics Subject Classification ID

Cited In (5)

• How big is the debt overhang problem?
• Credit market frictions and capital structure dynamics
• Sul problema del reimpiego dei margini in operazioni finanziarie
• On the neutrality of debt in investment intensity
• The timing of debt renegotiation and its implications for irreversible investment and capital structure

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