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Consumption utility-based pricing and timing of the option to invest with partial information

Yang, Jinqiang; Yang, Zhaojun - In: Computational economics 39 (2012) 2, pp. 195-217

Persistent link: https://www.econbiz.de/10009513169

Consumption Utility-Based Pricing and Timing of the Option to Invest with Partial Information

Yang, Zhaojun - 2010

This paper extends real options theory to consider the situation where the mean appreciation rate of the value of an irreversible investment project is not observable and governed by an Ornstein-Uhlenbeck process. Our main purpose is to analyze the impact of the uncertainty of the mean...

Persistent link: https://www.econbiz.de/10013147390

Valuation and analysis of performance sensitive debt with contingent convertibility

Ming, Lei; Yang, Shenggang; Song, Dandan - In: International review of economics & finance : IREF 53 (2018), pp. 98-108

Persistent link: https://www.econbiz.de/10011791717

Investment and capital structure decisions with strategic debt service under asymmetric information

Song, Dandan; Luo, Pengfei; Yang, Jingjing - In: The North American journal of economics and finance : a … 54 (2020), pp. 1-10

Persistent link: https://www.econbiz.de/10012667171

Hedging, optimal capital structure and incentives for risk-shifting with preferences for liquidity

Luo, Pengfei; Lu, Ting; Song, Dandan; Jiang, Jinglu - In: The European journal of finance 30 (2024) 14, pp. 1563-1576

Persistent link: https://www.econbiz.de/10014636581

The Pricing and Timing of the Option to Invest for Cash Flows with Partial Information

Yang, Zhaojun - 2011

This paper extends real options theory to consider the situation where the mean appreciation rate of cash flows generated by an irreversible investment project is not observable and governed by an Ornstein-Uhlenbeck process. Our main purpose is to analyze the impact of the uncertainty of the...

Persistent link: https://www.econbiz.de/10013131905