Analyzing contingent claim’s values and optimal capital structures under different bankruptcy covenants
碩士 === 國立交通大學 === 財務金融研究所 === 99 === This thesis improve the equity value,debt value and firm value pricing model by Broadie and Kaya (2007). The model will early liquidate when maturity date or the firm in the healthy state can’t pay coupon. This thesis extend the maturity date and modify the diagn...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/53623378174827629183 |
| Summary: | 碩士 === 國立交通大學 === 財務金融研究所 === 99 === This thesis improve the equity value,debt value and firm value pricing model by Broadie and Kaya (2007). The model will early liquidate when maturity date or the firm in the healthy state can’t pay coupon. This thesis extend the maturity date and modify the diagnostic function to make the pricing model to be more reasonably. This thesis also improve the situation of equity value is negative when Francois and Morellec(2004) and Broadie and Kaya (2007) use the model of Nash bargaining game. Finally, this thesis would compare and analyze our results with the result provided by Broadie and Kaya (2007).
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