淡江大學機構典藏:Item 987654321/24399
English  |  正體中文  |  简体中文  |  Items with full text/Total items : 62797/95867 (66%)
Visitors : 3732423      Online Users : 327
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/24399


    Title: Financial contract structures and production decision : an option-based optimization
    Authors: Luo, Min;Lin, Jyh-horng;Wu, Li-hung
    Contributors: 淡江大學國際貿易學系暨國際企業研究所
    Keywords: Conventional loan;commodity loan;Black-Scholes valuation
    Date: 2005-01-01
    Issue Date: 2009-11-30 18:20:19 (UTC+8)
    Publisher: Analytic Publishing Co
    Abstract: This paper examines alternative financial contracts for production decisions under an optimal-based valuation. We demonstrate that while the optimal loan contract consists of only conventional loans, the firm is over-borrowing and thus has over-production since its risk-adjusted future price is expected to be greater than the risk-adjusted current price. If the optimal contract consists of both conventional loans and commodity loans explicitly incorporating characteristics of the firm's product market, the firm's over-borrowing and thus over-production will vanish. Our results demonstrate that the form of contract structures provides much needed price expectation stability to the product market.
    Relation: Journal of Information & Optimization Sciences 26(1), pp.165-180
    DOI: 10.1080/02522667.2005.10699641
    Appears in Collections:[Graduate Institute & Department of International Business] Journal Article

    Files in This Item:

    File SizeFormat
    index.html0KbHTML104View/Open

    All items in 機構典藏 are protected by copyright, with all rights reserved.


    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - Feedback