Blar i Discussion papers (FOR) på forfatter "Myklebust, Tor Åge"
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On the pricing of performance sensitive debt
Mjøs, Aksel; Persson, Svein-Arne; Myklebust, Tor Åge (Discussion paper, Working paper, 2011-03) -
Performance sensitive debt - investment and financing incentives
Myklebust, Tor Åge (Discussion paper;2012:7, Working paper, 2012-06)Performance sensitive debt (PSD) contracts link the paid coupon to a measure of firm performance. PSD contracts are widely used, especially as corporate bank loans. In a model where a firm has assets in place and the ...