-
Previous Article
Electricity day-ahead markets: Computation of Nash equilibria
- JIMO Home
- This Issue
-
Next Article
Two approaches for solving mathematical programs with second-order cone complementarity constraints
Optimization of capital structure in real estate enterprises
1. | Institute of Real Estate Research, Tsinghua University, Beijing, 100084, China, China |
References:
[1] |
R. Anderson and A. Carverhill, Corporate liquidity and capital structure, Review of financial studies, 25 (2012), 797-837.
doi: 10.1093/rfs/hhr103. |
[2] |
G. Andrade and S. N. Kaplan, How costly is financial (not economic) distress? Evidence from highly leveraged transactions that became distressed, The Journal of Finance, 53 (1998), 1443-1493.
doi: 10.3386/w6145. |
[3] |
E. Barucci and L. Del Viva, Dynamic capital structure and the contingent capital option, Annals of Finance, 9 (2013), 337-364.
doi: 10.1007/s10436-012-0188-z. |
[4] |
F. Black and M. Scholes, The pricing of options and corporate liabilities, The journal of political economy, 81 (1973), 637-654.
doi: 10.1086/260062. |
[5] |
N. Chen and S. G. Kou, Credit spreads, optimal capital structure, and implied volatility with endogenous default and jump risk, Mathematical Finance, 19 (2009), 343-378.
doi: 10.1111/j.1467-9965.2009.00375.x. |
[6] |
Y. Chu, Optimal capital structure, bargaining, and the supplier market structure, Journal of Financial Economics, 106 (2012), 411-426.
doi: 10.1016/j.jfineco.2012.05.010. |
[7] |
D. O. Cook and T. Tang, Macroeconomic conditions and capital structure adjustment speed, Journal of Corporate Finance, 16 (2010), 73-87.
doi: 10.1016/j.jcorpfin.2009.02.003. |
[8] |
M. J. Flannery and K. P. Rangan, Partial adjustment toward target capital structures, Journal of Financial Economics, 79 (2006), 469-506.
doi: 10.1016/j.jfineco.2005.03.004. |
[9] |
R. A. Haugen, and L. W. Senbet, Bankruptcy and agency costs: Their significance to the theory of optimal capital structure, Journal of Financial and Quantitative Analysis, 23 (1988), 27-38.
doi: 10.2307/2331022. |
[10] |
W. Jin, W. Zhang, B. Zhou and X. Xiong, Dynamic capital structure of the real estate companies in China, The theory and practice of finance and economics, 168 (2010), 67-71. (in Chinese) |
[11] |
D. C. Mauer and S. Sarkar, Real options, agency conflicts, and optimal capital structure, Journal of Banking & Finance, 29 (2005), 1405-1428.
doi: 10.1016/j.jbankfin.2004.05.036. |
[12] |
E. Morellec, B. Nikolov and N. Schürhoff, Corporate governance and capital structure dynamics, The Journal of Finance, 67 (2012), 803-848.
doi: 10.2139/ssrn.1106164. |
[13] |
Ö. Öztekin and M. J. Flannery, Institutional determinants of capital structure adjustment speeds, Journal of Financial Economics, 103 (2012), 88-112. |
[14] |
A. A. Robichek and S. C. Myers, Problems in the theory of optimal capital structure, Journal of Financial and Quantitative Analysis, 1 (1966), 1-35.
doi: 10.2307/2329989. |
[15] |
B. Yang, Dynamic capital structure with heterogeneous beliefs and market timing, Journal of Corporate Finance, 22 (2013), 254-277.
doi: 10.2139/ssrn.1732870. |
[16] |
Z. Zhang, The value of debt guarantee, Research on financial and economic issues, 187 (1999), 22-27. (in Chinese) |
[17] |
Z. Zhang and S. Xiao, Tax shield, bankruptcy cost and the optimal capital structure, Accounting Research, (2009), 47-55. (in Chinese) |
show all references
References:
[1] |
R. Anderson and A. Carverhill, Corporate liquidity and capital structure, Review of financial studies, 25 (2012), 797-837.
doi: 10.1093/rfs/hhr103. |
[2] |
G. Andrade and S. N. Kaplan, How costly is financial (not economic) distress? Evidence from highly leveraged transactions that became distressed, The Journal of Finance, 53 (1998), 1443-1493.
doi: 10.3386/w6145. |
[3] |
E. Barucci and L. Del Viva, Dynamic capital structure and the contingent capital option, Annals of Finance, 9 (2013), 337-364.
doi: 10.1007/s10436-012-0188-z. |
[4] |
F. Black and M. Scholes, The pricing of options and corporate liabilities, The journal of political economy, 81 (1973), 637-654.
doi: 10.1086/260062. |
[5] |
N. Chen and S. G. Kou, Credit spreads, optimal capital structure, and implied volatility with endogenous default and jump risk, Mathematical Finance, 19 (2009), 343-378.
doi: 10.1111/j.1467-9965.2009.00375.x. |
[6] |
Y. Chu, Optimal capital structure, bargaining, and the supplier market structure, Journal of Financial Economics, 106 (2012), 411-426.
doi: 10.1016/j.jfineco.2012.05.010. |
[7] |
D. O. Cook and T. Tang, Macroeconomic conditions and capital structure adjustment speed, Journal of Corporate Finance, 16 (2010), 73-87.
doi: 10.1016/j.jcorpfin.2009.02.003. |
[8] |
M. J. Flannery and K. P. Rangan, Partial adjustment toward target capital structures, Journal of Financial Economics, 79 (2006), 469-506.
doi: 10.1016/j.jfineco.2005.03.004. |
[9] |
R. A. Haugen, and L. W. Senbet, Bankruptcy and agency costs: Their significance to the theory of optimal capital structure, Journal of Financial and Quantitative Analysis, 23 (1988), 27-38.
doi: 10.2307/2331022. |
[10] |
W. Jin, W. Zhang, B. Zhou and X. Xiong, Dynamic capital structure of the real estate companies in China, The theory and practice of finance and economics, 168 (2010), 67-71. (in Chinese) |
[11] |
D. C. Mauer and S. Sarkar, Real options, agency conflicts, and optimal capital structure, Journal of Banking & Finance, 29 (2005), 1405-1428.
doi: 10.1016/j.jbankfin.2004.05.036. |
[12] |
E. Morellec, B. Nikolov and N. Schürhoff, Corporate governance and capital structure dynamics, The Journal of Finance, 67 (2012), 803-848.
doi: 10.2139/ssrn.1106164. |
[13] |
Ö. Öztekin and M. J. Flannery, Institutional determinants of capital structure adjustment speeds, Journal of Financial Economics, 103 (2012), 88-112. |
[14] |
A. A. Robichek and S. C. Myers, Problems in the theory of optimal capital structure, Journal of Financial and Quantitative Analysis, 1 (1966), 1-35.
doi: 10.2307/2329989. |
[15] |
B. Yang, Dynamic capital structure with heterogeneous beliefs and market timing, Journal of Corporate Finance, 22 (2013), 254-277.
doi: 10.2139/ssrn.1732870. |
[16] |
Z. Zhang, The value of debt guarantee, Research on financial and economic issues, 187 (1999), 22-27. (in Chinese) |
[17] |
Z. Zhang and S. Xiao, Tax shield, bankruptcy cost and the optimal capital structure, Accounting Research, (2009), 47-55. (in Chinese) |
[1] |
Jinying Ma, Honglei Xu. Empirical analysis and optimization of capital structure adjustment. Journal of Industrial and Management Optimization, 2020, 16 (3) : 1037-1047. doi: 10.3934/jimo.2018191 |
[2] |
Juan Kalemkerian, Andrés Sosa. Long-range dependence in the volatility of returns in Uruguayan sovereign debt indices. Journal of Dynamics and Games, 2020, 7 (3) : 225-237. doi: 10.3934/jdg.2020016 |
[3] |
Qian Zhao, Zhuo Jin, Jiaqin Wei. Optimal investment and dividend payment strategies with debt management and reinsurance. Journal of Industrial and Management Optimization, 2018, 14 (4) : 1323-1348. doi: 10.3934/jimo.2018009 |
[4] |
Qigang Yuan, Yutong Sun, Jingli Ren. How interest rate influences a business cycle model. Discrete and Continuous Dynamical Systems - S, 2020, 13 (11) : 3231-3251. doi: 10.3934/dcdss.2020190 |
[5] |
Ali Aytekin, Kadir Emir. Colimits of crossed modules in modified categories of interest. Electronic Research Archive, 2020, 28 (3) : 1227-1238. doi: 10.3934/era.2020067 |
[6] |
Alberto Bressan, Yilun Jiang. The vanishing viscosity limit for a system of H-J equations related to a debt management problem. Discrete and Continuous Dynamical Systems - S, 2018, 11 (5) : 793-824. doi: 10.3934/dcdss.2018050 |
[7] |
Davide La Torre, Simone Marsiglio, Franklin Mendivil, Fabio Privileggi. Public debt dynamics under ambiguity by means of iterated function systems on density functions. Discrete and Continuous Dynamical Systems - B, 2021, 26 (11) : 5873-5903. doi: 10.3934/dcdsb.2021070 |
[8] |
Tao Guan, Denghua Zhong, Bingyu Ren, Pu Cheng. Construction schedule optimization for high arch dams based on real-time interactive simulation. Journal of Industrial and Management Optimization, 2015, 11 (4) : 1321-1342. doi: 10.3934/jimo.2015.11.1321 |
[9] |
Jide Sun, Lili Wang. The interaction between BIM's promotion and interest game under information asymmetry. Journal of Industrial and Management Optimization, 2015, 11 (4) : 1301-1319. doi: 10.3934/jimo.2015.11.1301 |
[10] |
Linlin Tian, Xiaoyi Zhang, Yizhou Bai. Optimal dividend of compound poisson process under a stochastic interest rate. Journal of Industrial and Management Optimization, 2020, 16 (5) : 2141-2157. doi: 10.3934/jimo.2019047 |
[11] |
Dong liu, Ville Kolehmainen, Samuli Siltanen, Anne-maria Laukkanen, Aku Seppänen. Estimation of conductivity changes in a region of interest with electrical impedance tomography. Inverse Problems and Imaging, 2015, 9 (1) : 211-229. doi: 10.3934/ipi.2015.9.211 |
[12] |
Srdjan Stojanovic. Interest rates risk-premium and shape of the yield curve. Discrete and Continuous Dynamical Systems - B, 2016, 21 (5) : 1603-1615. doi: 10.3934/dcdsb.2016013 |
[13] |
Weiwei Wang, Ping Chen. A mean-reverting currency model with floating interest rates in uncertain environment. Journal of Industrial and Management Optimization, 2019, 15 (4) : 1921-1936. doi: 10.3934/jimo.2018129 |
[14] |
Cuilian You, Le Bo. Pricing of European call option under fuzzy interest rate. Journal of Industrial and Management Optimization, 2022 doi: 10.3934/jimo.2022033 |
[15] |
Rolf Rannacher. A short course on numerical simulation of viscous flow: Discretization, optimization and stability analysis. Discrete and Continuous Dynamical Systems - S, 2012, 5 (6) : 1147-1194. doi: 10.3934/dcdss.2012.5.1147 |
[16] |
C. Burgos, J.-C. Cortés, L. Shaikhet, R.-J. Villanueva. A delayed nonlinear stochastic model for cocaine consumption: Stability analysis and simulation using real data. Discrete and Continuous Dynamical Systems - S, 2021, 14 (4) : 1233-1244. doi: 10.3934/dcdss.2020356 |
[17] |
Nina Yan, Tingting Tong, Hongyan Dai. Capital-constrained supply chain with multiple decision attributes: Decision optimization and coordination analysis. Journal of Industrial and Management Optimization, 2019, 15 (4) : 1831-1856. doi: 10.3934/jimo.2018125 |
[18] |
Tien-Yu Lin, Ming-Te Chen, Kuo-Lung Hou. An inventory model for items with imperfect quality and quantity discounts under adjusted screening rate and earned interest. Journal of Industrial and Management Optimization, 2016, 12 (4) : 1333-1347. doi: 10.3934/jimo.2016.12.1333 |
[19] |
Lin Xu, Rongming Wang. Upper bounds for ruin probabilities in an autoregressive risk model with a Markov chain interest rate. Journal of Industrial and Management Optimization, 2006, 2 (2) : 165-175. doi: 10.3934/jimo.2006.2.165 |
[20] |
Huai-Nian Zhu, Cheng-Ke Zhang, Zhuo Jin. Continuous-time mean-variance asset-liability management with stochastic interest rates and inflation risks. Journal of Industrial and Management Optimization, 2020, 16 (2) : 813-834. doi: 10.3934/jimo.2018180 |
2020 Impact Factor: 1.801
Tools
Metrics
Other articles
by authors
[Back to Top]