Seminar series
Date
Fri, 08 May 2009
14:15
14:15
Location
DH 1st floor SR
Speaker
Jean-Paul Decamps
Organisation
Toulouse
We focus on structural models in corporate finance with roll-over debt structure and endogenous default triggered by limited liability equity-holders. We point out imprecisions and misstatements in the literature and provide a rationale for the endogenous default policy.