Partial Write-Down Bond and Optimal Capital Structure
碩士 === 國立交通大學 === 財務金融研究所 === 107 === In this paper, we introduce a new kind of write-down (WD) bond by designing a partially continuously write-down mechanism. By using the idea of occupation time, we derive the closed-form pricing formula of the WD bond. We analyze a firm’s optimal capital structu...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2019
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| Online Access: | http://ndltd.ncl.edu.tw/handle/sdycm3 |