2012 Fiscal Year Final Research Report
Studies on the investment decisions with convertible debt financing
| Project/Area Number |
22710135
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Social systems engineering/Safety system
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| Research Institution | Akita Prefectural University |
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Principal Investigator |
YAGI Kyoko 秋田県立大学, システム科学技術学部, 助教 (80451847)
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| Project Period (FY) |
2010 – 2012
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| Keywords | 転換社債 / 資金調達 / 最適投資 / 経営者報酬 / リアルオプション / モデル化 / 最適戦略 |
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| Research Abstract |
We examined the optimal strategies about the investment decisions in relation to the issuance of callable convertible debt or sub-ordinated convertible debt by firms. In particular, we investigated whether our results are consistent with empirical evidences and analyzed new theoretical results.
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