Dividends and leverage: how to optimally exploit a non-renewable investment

DOI10.1016/J.JEDC.2010.11.007MaRDI QIDQ621273zbMATH OpenOpenAlexFDO

Authors Delia Coculescu

Publication date 2 February 2011

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2010.11.007

zbMATH Keywords

agency costsbankruptcy costscapital structuredefault riskdividend policynon-renewable investment

Mathematics Subject Classification ID

Credit risk (91G40) Actuarial science and mathematical finance (91G99)

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Cites work

• A Dynamic Model of Optimal Capital Structure
• A structural model of debt pricing with creditor-determined liquidation
• Default and Renegotiation: A Dynamic Model of Debt
• Firm behaviour under the threat of liquidation
• scientific article; zbMATH DE number 3141417 (Why is no real title available?)
• scientific article; zbMATH DE number 3863589 (Why is no real title available?)
• Optimal capital structure and endogenous default
• Optimal harvesting under resource stock and price uncertainty
• Risk vs. profit potential:
• Term Structures of Credit Spreads with Incomplete Accounting Information
• The Optimal Production of an Exhaustible Resource When Price Is Exogenous and Stochastic

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