haku: @indexterm Dividend policy / yhteensä: 136
viite: 26 / 136
Tekijä: | Fan, H. Sundaresan, S.M. |
Otsikko: | Debt valuation, renegotiation, and optimal dividend policy |
Lehti: | Review of Financial Studies
2000 : WINTER, VOL. 13.4, p. 1057-1099 |
Asiasana: | DEBT DIVIDEND POLICY EQUITIES VALUATION |
Kieli: | eng |
Tiivistelmä: | The valuation of debt and equity, reorganization boundaries, and firm's optimal dividend policies are studied in a framework where the authors model strategic interactions between debt holders and equity holders in a game-theoretic setting which can accommodate varying bargaining powers to the two claimants. Two formulations of reorganization are presented: debt-equity swaps and strategic debt service resulting from negotiated debt service reductions. |
SCIMA