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Published in 2019 at "Journal of Economic Dynamics and Control"
DOI: 10.1016/j.jedc.2019.04.002
Abstract: Abstract The paper considers the problem of an investor that has the option to acquire a firm. Initially this firm is run as to maximize shareholder value, where the shareholders are risk averse. To do…
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Keywords:
structure choice;
capital;
choice investment;
capital structure ... See more keywords