INVESTIGATING THE OPTIMAL EXIT TIMING AND LEVERAGE DURING THE COVID-19 CRISIS
This paper investigates the effectiveness of corporate credit policies as a means of preventing market exit in the aftermath of the COVID-19 pandemic. A real options framework incorporating dynamic programming is employed to investigate the relationship between exit decisions, leverage ratio and pro...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
“Victor Slăvescu” Centre for Financial and Monetary Research
2023-03-01
|
| Series: | Financial Studies |
| Subjects: | |
| Online Access: | http://fs.icfm.ro/Paper02.FS1.2023.pdf |