A Cautionary Note on Niu and Zeng (2018)

Ji Cao and Marc Oliver Rieger

No 2019-03, Working Paper Series from University of Trier, Research Group Quantitative Finance and Risk Analysis

Abstract: We revisit the article by Niu and Zeng (FRL, 2018) on “Corporatefinancing with loss aversion and disagreement”. We find two problem-atic points in the mathematical derivation of their fundamental resultsand suggest ways to remedy these problems.

Keywords: Corporate Finance; Capital Structure; Loss Aversion; ProspectTheory (search for similar items in EconPapers)
JEL-codes: C61 G32 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2019
New Economics Papers: this item is included in nep-upt
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:trr:qfrawp:201903

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