Debt Valuation, Renegotiation, and Optimal Dividend Policy

The valuation of debt and equity, reorganization boundaries, and firm's optimal dividend policies are studied in a framework where we model strategic interactions between debt holders and equity holders in a game-theoretic setting which can accommodate varying bargaining powers to the two claim...

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Veröffentlicht in:	The Review of financial studies 2000-01, Vol.13 (4), p.1057-1099
Hauptverfasser:	Fan, Hua, Sundaresan, Suresh M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank loans Bargaining Capital structure Cash flow Cash flow forecasting Contour lines Corporate taxes Covenants Debt Debt contracts Debt service Debt to equity ratio Default Dividend policy Dividends Equity Game theory Indebtedness Negotiations Payout ratios Risk premiums Stock returns Studies Tax benefits Valuation
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