Browsing NHH Brage by Author "Christensen, Peter Ove"
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Dynamic capital structure with callable debt and debt renegotiations
Christensen, Peter Ove; Flor, Christian Riis; Lando, David; Miltersen, Kristian R. (Discussion paper, Working paper, 2002)We consider a dynamic model of the capital structure of a firm with callable debt that takes into account that equity holders and debt holders have a common interest in restructuring the firm’s capital structure in order ...