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Investment Timing and Capital Structure with Loan Guarantees

Xiang, Hua - 2015

The equity-for-guarantee swap (EGS) is a new popular financial derivative. We derive closed-form solutions for the interaction of the optimal investment and financing with the swap in a real-options framework. We find that there is an U-shaped relationship between investment timing and the...

Persistent link: https://www.econbiz.de/10013031815

Learning, pricing, timing and hedging of the option to invest for perpetual cash flows with idiosyncratic risk

Song, Dandan; Wang, Huamao; Yang, Zhaojun - In: Journal of mathematical economics 51 (2014), pp. 1-11

Persistent link: https://www.econbiz.de/10010478603

Investment and financing for SMEs with a partial guarantee and jump risk

Luo, Pengfei; Wang, Huamao; Yang, Zhaojun - In: European journal of operational research : EJOR 249 (2016) 3, pp. 1161-1168

Persistent link: https://www.econbiz.de/10011439328

Real option, debt maturity and equity default swaps under negotiation

Gan, Liu; Luo, Pengfei; Yang, Zhaojun - In: Finance research letters 18 (2016), pp. 278-284

Persistent link: https://www.econbiz.de/10011657215

Optimal investment and financing with macroeconomic risk and loan guarantees

Tang, Xiaolin; Yang, Zhaojun - In: The journal of credit risk : published quarterly by … 13 (2017) 4, pp. 75-97

Persistent link: https://www.econbiz.de/10012041614

Real option duopolies with quasi-hyperbolic discounting

Luo, Pengfei; Tian, Yuan; Yang, Zhaojun - In: Journal of economic dynamics & control 111 (2020), pp. 1-12

Persistent link: https://www.econbiz.de/10012501448

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

Yang, Zhaojun; Zhu, Nanhui - In: Quantitative finance 23 (2023) 5, pp. 887-900

Persistent link: https://www.econbiz.de/10014304388