Professor Muhammed Ebrahim m.s.ebrahim@durham.ac.uk
Professor
The Pricing of Debt and Pareto-Optimal Financing under Endogenous Bankruptcy
Ebrahim, Muhammed-Shahid; Mathur, Ike
Authors
Ike Mathur
Abstract
Using an agency theoretical framework, this paper extends the optimal capital structure literature by modeling the rivalry between equity and debt to arrive at some very fundamental results involving endogeneity of bankruptcy, equilibrium interest rates, pricing of risk-free/risky debt and pareto-optimal financing techniques.
Citation
Ebrahim, M., & Mathur, I. (2001). The Pricing of Debt and Pareto-Optimal Financing under Endogenous Bankruptcy. International Journal of Theoretical and Applied Finance, 4(3), 491-509. https://doi.org/10.1142/s0219024901001085
Journal Article Type | Article |
---|---|
Publication Date | 2001-06 |
Deposit Date | Sep 25, 2014 |
Journal | International Journal of Theoretical and Applied Finance |
Print ISSN | 0219-0249 |
Electronic ISSN | 1793-6322 |
Publisher | World Scientific Publishing |
Peer Reviewed | Peer Reviewed |
Volume | 4 |
Issue | 3 |
Pages | 491-509 |
DOI | https://doi.org/10.1142/s0219024901001085 |
Public URL | https://durham-repository.worktribe.com/output/1453646 |
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