Debt Valuation, Strategic Debt Service and Optimal Dividend Policy

H Fan and S Sundaresan

Working Papers from Columbia - Graduate School of Business

Abstract: The valuation of corporate securities and firm's optimal dividend policy are studied within a unified framwork where we explicitly model (i) endogenous low reorganization boundaries, (ii) exogenously specified bond covenants which precipitate reorganization and (iii) strategic interactions between debt holders and equity holders.

Keywords: DEBT (search for similar items in EconPapers)
JEL-codes: H63 (search for similar items in EconPapers)
Pages: 57 pages
Date: 1996
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:colubu:96-19

Access Statistics for this paper

More papers in Working Papers from Columbia - Graduate School of Business U.S.A.; COLUMBIA UNIVERSITY, GRADUATE SCHOOL OF BUSINESS, PAINE WEBBER , New York, NY 10027 U.S.A. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().