Debt Valuation, Strategic Debt Service and Optimal Dividend Policy
The valuation of corporate securities and firm's optimal dividend policy are studied within a unified framwork where we explicitly model (i) endogenous low reorganization boundaries, (ii) exogenously specified bond covenants which precipitate reorganization and (iii) strategic interactions between debt holders and equity holders.
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: U.S.A.; COLUMBIA UNIVERSITY, GRADUATE SCHOOL OF BUSINESS, PAINE WEBBER , New York, NY 10027 U.S.A|
Phone: (212) 854-5553
Web page: http://www.gsb.columbia.edu/
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