Investment timing with fixed and proportional costs of external financing
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- Nishihara, Michi & Shibata, Takashi, 2013.
"The effects of external financing costs on investment timing and sizing decisions,"
Journal of Banking & Finance,
Elsevier, vol. 37(4), pages 1160-1175.
- Michi NISHIHARA & Takashi SHIBATA, 2012. "The effects of external financing costs on investment timing and sizing decisions," Discussion Papers in Economics and Business 12-07, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
More about this item
KeywordsReal options; investment timing; costly external financing; growth option; optimal stopping.;
- G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
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