A closed-form solution to the risk-taking motivation of subordinated debtholders
نویسندگان
چکیده
منابع مشابه
On the Closed-Form Solution of a Nonlinear Difference Equation and Another Proof to Sroysang’s Conjecture
The purpose of this paper is twofold. First we derive theoretically, using appropriate transformation on x(n), the closed-form solution of the nonlinear difference equation x(n+1) = 1/(±1 + x(n)), n ∈ N_0. The form of solution of this equation, however, was first obtained in [10] but through induction principle. Then, with the solution of the above equation at hand, we prove a case ...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2019
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2019.05.003