On the neutrality of debt in investment intensity

DOI10.1007/S10436-009-0137-7MaRDI QIDQ666452zbMATH OpenOpenAlexFDO

Authors Kit Pong Wong

Publication date 8 March 2012

Published in Annals of Finance (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10722/177774

zbMATH Keywords

investment timingreal optionscapital structureinvestment intensity

Mathematics Subject Classification ID

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

Recommendations

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Cites work

• scientific article; zbMATH DE number 192908 (Why is no real title available?)
• Irreversible investment and discounting: an arbitrage pricing approach
• On the investment-uncertainty relationship in a real options model
• Options, the Value of Capital, and Investment
• Switching to a poor business activity: optimal capital structure, agency costs and covenant rules
• The effect of mean reversion on investment under uncertainty
• The effect of uncertainty on investment timing in a real options model
• The non-neutrality of debt in investment timing: a new NPV rule

Cited in

(14)

• Investment timing, debt structure, and financing constraints
• The effects of abandonment options on investment timing and intensity
• Optimal investment timing and volume decisions under debt borrowing constraints
• Real option analysis on investment and financing interactive behavior of corporations under agency conflict of debt
• scientific article; zbMATH DE number 4131898 (Why is no real title available?)
• Credit spread and liquidation value-based debt financing constraint
• The firm under uncertainty: real and financial decisions
• Interest deductibility under default risk and the unfavorable tax treatment of investment costs: a simple explanation
• The interaction of debt financing, cash grants and the optimal investment policy under uncertainty
• Uncertainty, optimal capital structure, and the option value of investment
• Investment Reversibility and Agency Cost of Debt
• The non-neutrality of debt in investment timing: a new NPV rule
• Effects of corporate tax reform on optimum debt maturity
• Investment game with debt financing

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