收益均值回归与动态优化资本结构

IF 1.5 4区经济学 Q3 BUSINESS, FINANCE

Quantitative Finance Pub Date : 2024-06-26 DOI:10.1080/14697688.2024.2361018

Elettra Agliardi, Marios Charalambides, Nicos Koussis

引用次数: 0

摘要

我们建立了一个权衡模型，该模型综合了收益的均值回归，涵盖了动态融资决策，包括初始杠杆选择和与之相关的后续决策。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Earnings mean reversion and dynamic optimal capital structure

We formulate a trade-off model that integrates mean reversion in earnings, encompassing dynamic financing decisions that entail both the initial leverage selection and the subsequent decision relat...

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来源期刊

Quantitative Finance 社会科学-数学跨学科应用

CiteScore

3.20

自引率

7.70%

发文量

102

审稿时长

4-8 weeks

期刊介绍： The frontiers of finance are shifting rapidly, driven in part by the increasing use of quantitative methods in the field. Quantitative Finance welcomes original research articles that reflect the dynamism of this area. The journal provides an interdisciplinary forum for presenting both theoretical and empirical approaches and offers rapid publication of original new work with high standards of quality. The readership is broad, embracing researchers and practitioners across a range of specialisms and within a variety of organizations. All articles should aim to be of interest to this broad readership.