Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089605 | Journal of Banking & Finance | 2012 | 11 Pages |
Abstract
⺠We examine the investment timing under debt issuance constraint. ⺠The investment thresholds have a U-shaped relation with the debt issuance constraint. ⺠The equity value is increasing with the debt issuance constraint.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Takashi Shibata, Michi Nishihara,