How much financial flexibility is optimal? A closed-form capital structure model for investment-grade firms
Investment-grade (IG) firms often manage capital structure by preserving financial flexibility and rating resilience rather than targeting a precise leverage ratio. I develop a tractable continuous-time benchmark for the pre-default IG regime in which the key financing choice is the contractual trig...
محفوظ في:
| المؤلف الرئيسي: | |
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| التنسيق: | Artigo |
| اللغة: | Inglês |
| منشور في: |
Elsevier
2026-07-01
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| سلاسل: | International Review of Economics & Finance |
| الموضوعات: | |
| الوصول للمادة أونلاين: | http://www.sciencedirect.com/science/article/pii/S1059056026005617 |
| الوسوم: |
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