Convertible Trade Credits: a new way of creating value
This paper aims to explore the possibility of a vendor supporting a firm’s growth opportunities in sequential financing rounds in exchange for shares in the firm’s common stock. We departed from an initial setup where a firm has a positive NPV growth opportunity and easy access to financing (Myers a...
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| Format: | Thesis |
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Massachusetts Institute of Technology
2022
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| Online Access: | https://hdl.handle.net/1721.1/146684 |