The timing of debt renegotiation and its implications for irreversible investment and capital structure

DOI10.1080/14697688.2023.2186260zbMath1519.91285OpenAlexW4327856941MaRDI QIDQ6101080

Zhaojun Yang, Nanhui Zhu

Publication date: 20 June 2023

Published in: Quantitative Finance (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/14697688.2023.2186260

zbMATH Keywords

capital structureinvestment optionspermanent coupon deductiontiming of debt renegotiation

Mathematics Subject Classification ID

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

Related Items (1)

Two-stage investment, loan guarantees and share buybacks

Cites Work

• The non-neutrality of debt in investment timing: a new NPV rule
• Real options and contingent convertibles with regime switching
• Asset sale, debt restructuring, and liquidation
• The use of equity financing in debt renegotiation

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