کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5085321 1477941 2010 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Credit insurance and investment: A contingent claims analysis approach
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Credit insurance and investment: A contingent claims analysis approach
چکیده انگلیسی
This paper develops a continuous-time contingent claims analysis model to study the impact of credit insurance on investment. We find that under shareholders' wealth maximization, the presence of credit insurance yields high investment relative to the level of investment without credit insurance. We also obtain a U shape relationship between the project debt maturity and its investment size, with more investment undertaken with short and long maturities and less investment with intermediate maturities.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Financial Analysis - Volume 19, Issue 2, March 2010, Pages 98-107
نویسندگان
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