Optimal long-term financial contracting
WebWe develop an agency model of financial contracting. We derive long-term debt, a line of credit, and equity as optimal securities, capturing the debt coupon and maturity; the … Webthe optimal contract. The long-term debt is effective for financing early consumption for the agent (if the agent is impatient relative to outside investors). If the agent is not …
Optimal long-term financial contracting
Did you know?
WebNov 1, 2007 · We develop a model of long-term financial contracting and derive debt and equity as optimal securities. Our analysis captures the optimal coupon and maturity structure for long-term debt; the interest rate and credit available on a line of credit; debt … WebMay 1, 2004 · We characterize the optimal long-term financial contract in a setting in which a risk-neutral agent with limited capital seeks financing for a project that pays stochastic …
WebWe have built a team of professional staff with a combined 50 years of experience in financial and retirement services, annuities, long term care, wealth transfer plans, and … http://templinhealthcare.com/OurTeam.html
WebFeb 1, 2007 · We develop an agency model of financial contracting. We derive long-term debt, a line of credit, and equity as optimal securities, capturing the debt coupon and … WebWe develop a model of long-term financial contracting and derive debt and equity as optimal securities. Our analysis captures the optimal coupon and maturity structure for long-term …
WebOptimal contract. The contract that balances the three types of agency costs (contracting, monitoring, and misbehavior) against one another to minimize the total cost. Copyright © …
WebJun 26, 2008 · We develop an agency model of financial contracting. We derive long-term debt, a line of credit, and equity as optimal securities, capturing the debt coupon and … ottawa county clerk office addressWebJul 7, 2004 · We characterize the optimal long-term financial contract in a setting in which a risk-neutral agent with limited capital seeks financing for a project that pays stochastic … ottawa county clerk ohioWebFinancial Terms By: o. Optimal contract. The contract that balances the three types of agency costs (contracting, monitoring, and misbehavior) against one another to minimize … ottawa county clerk office