Voluntary corporate liquidations
نویسندگان
چکیده
منابع مشابه
Exercising real options: the case of voluntary liquidations
This paper presents a theoretical and empirical model of voluntary liquidation. Using the insight from real options literature, we examine the rationale and optimality of US corporate voluntary liquidations for 1990-2000. We test the key predictions from the optimal option exercise boundary. OLS regressions suggest that both the interest effect and the variance effect are at work. However, it s...
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The relationship between disclosure and cost of equity capital has always been interesting not only for managers, but for investors as well. Economic theory suggests that by increasing the level of corporate reporting firms not only increase their stock market liquidity, but they also decrease the investors’ estimation risk, arising from uncertainty about future returns and payout distributions...
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ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 1987
ISSN: 0304-405X
DOI: 10.1016/0304-405x(87)90007-9