Asset substitution and structured financing

Keyphrases

• Asset Substitution 100%
• Hedging 50%
• Value Function 50%
• Continuous-time 50%
• Issuer 50%
• Risky Projects 50%
• First-best 50%
• Operational Strategy 50%
• Return Model 50%
• Underinvestment 50%
• Convex-concave 50%
• Total Assets 50%
• Dynamic Setting 50%
• Asset Volatility 50%
• Overinvestment 50%
• Firm Owner 50%
• Conversion Probability 50%
• Risk Shifting 50%
• Debt Securities 50%
• Firm Dynamics 50%
• Locally Convex 50%

Economics, Econometrics and Finance

• Volatility 100%
• Investors 100%
• Continuous Time 100%