A Continuous-Time Model of Strategic Trading Under Asymmetric Information

2008 ◽  
Author(s):  
Ming Guo ◽  
Hui Ou-Yang
Keyword(s):  
Asymmetric Information ◽  
Continuous Time ◽  
Continuous Time Model ◽  
Time Model ◽  
Strategic Trading

scholarly journals Corporate governance structures and the agency cost of debt

2009 ◽  
Vol 7 (2) ◽  
pp. 451-457 ◽  
Author(s):  
Jorge A. Chan-Lau
Keyword(s):  
Corporate Governance ◽  
Asymmetric Information ◽  
Continuous Time ◽  
Governance Structure ◽  
Agency Cost ◽  
Cost Of Debt ◽  
Governance Structures ◽  
Continuous Time Model ◽  
Time Model ◽  
Agency Cost Of Debt

This paper uses a stochastic continuous time model of the firm to study how different corporate governance structures affect the agency cost of debt. In the absence of asymmetric information, it shows that control of the firm by debtholders with a minority stake delays the exit decision and reduces the underinvestment problem. Such a governance structure may play an important role in diminishing conflicts between shareholders and debtholders.

Leveraged stock portfolios over long holding periods: A continuous-time model

2006 ◽  
Vol 30 (3) ◽  
pp. 356-375
Author(s):  
Dale L. Domian ◽  
Marie D. Racine ◽  
Craig A. Wilson
Keyword(s):  
Continuous Time ◽  
Continuous Time Model ◽  
Time Model ◽  
Stock Portfolios
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