The COncept of Financial Flexibility: A Note

The purpose of this article is to present a sequential modelization of the following dilemma: should a firm get indebted today or should it keep the option of getting indebted later under better terms? Thus, we shall first define the concept of financial flexibility and then give a modelization of this concept along with simulations based on the inclusion of the opportunity cost due to immediate indebtment.

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Year of publication:	1997
Authors:	Bancel, F. ; Richard, A.
Institutions:	ESCP Europe
Subject:	FINANCIAL ADMINISTRATION \| DEBT

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Series:	Ecole Superieure de Commerce de Paris. Groupe ESCP-.
Type of publication:	Book / Working Paper
Notes:	11 pages
Classification:	C51 - Model Construction and Estimation ; G11 - Portfolio Choice
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005618415