Firm behavior under illiquidity risk

DOI10.1016/J.AML.2010.12.012zbMATH Open1208.91072OpenAlexW2050665372MaRDI QIDQ628273FDOQ628273

Authors: Justin Garosi, Jiahong Wu, Eric A. DeVuyst 

Publication date: 10 March 2011

Published in: Applied Mathematics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.aml.2010.12.012

Recommendations

• Firm behavioral response to multiple sources of risky cash flow
• Financial conditions and supply decisions when firms are risk averse
• Firm asset structure and risk aversion
• Firm behaviour under the threat of liquidation
• A firm's optimizing behaviour under a value-at-risk constraint

zbMATH Keywords

chance constrained programmingrisk-aversioncash flowrisk-seeking

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Production theory, theory of the firm (91B38)

Cites Work

• Chance-constrained programming
• Prospect Theory: An Analysis of Decision under Risk
• Price Uncertainty, Utility, and Industry Equilibrium in Pure Competition
• Less likely to fail: low performance, firm size, and factory expansion in the shipbuilding industry
• Friedman-Savage Utility Functions Consistent with Risk Aversion

Cited In (9)

• A computational approach to liquidity-constrained firms over an infinite horizon
• Liquidity constrained exporters and trade
• Firm behavioral response to multiple sources of risky cash flow
• Less likely to fail: low performance, firm size, and factory expansion in the shipbuilding industry
• Firm behaviour under the threat of liquidation
• Financial conditions and supply decisions when firms are risk averse
• In the path of the storm: does distress risk cause industrial firms to risk-shift?
• The impact of illiquidity on the asset management of insurance companies
• Firm asset structure and risk aversion

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