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Author:Rosellón, M.
Title:Capital structure in an industry equilibrium with endogenous liquidation values
Journal:European Finance Review
2000 : VOL. 4:3, p. 279-299
Index terms:CAPITAL STRUCTURE OF COMPANIES
EQUILIBRIUM THEORY
LIQUIDATION
Language:eng
Abstract:This paper investigates the interaction between financial structure, liquidation values and product market equilibrium. Liquidation values depend on how many firms are liquidated, and therefore on the industry equilibrium of capital structures and of technology choices.
SCIMA record nr: 226185
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