Debt Valuation

2018 ◽  
pp. 399-450
Author(s):  
Pasquale De Luca
Keyword(s):  
Debt Valuation

Equity Capital-Structure-Based Evaluation Method

2012 ◽  
Vol 2 (2) ◽  
pp. 299
Author(s):  
Hassan El Ibrami ◽  
Ahmed Naciri
Keyword(s):  
Evaluation Method ◽  
Structural Model ◽  
Financial Statements ◽  
Equity Capital ◽  
Financial Statement ◽  
Convergence Conditions ◽  
Real Options Theory ◽  
Valuation Method ◽  
Special Cases ◽  
Debt Valuation

Abstract The main purpose of this paper is to theoretically compare three structural models presenting several similarities and using financial statements within the context of real options theory. The models are those suggested by i) Leland (1994); ii) Goldstein, Ju and Leland (2001) and iii) Sarkar and Zapatero (2003). The analysis emphasizes convergence conditions of the three models based on their respective dynamic equations. The results show that the first two models represent special cases of the third one. The paper also presents a new equity and debt valuation method. Keywords: Structural model, Financial statement, Equity, EBIT, Mean reversion, Contingent claim, Convergence.

Interwar Romanian sovereign bonds: the impact of diplomacy, politics and the economy

2012 ◽  
Vol 19 (2) ◽  
pp. 219-244 ◽  
Author(s):  
Kim Oosterlinck ◽  
Loredana Ureche-Rangau
Keyword(s):  
Willingness To Pay ◽  
Financial Instruments ◽  
Sovereign Bonds ◽  
International Diplomacy ◽  
Debt Valuation ◽  
The Impact ◽  
Economic Considerations

Sovereign debts differ from other financial instruments because repayment ultimately depends on the issuers' willingness to pay. In turn, willingness to pay may be influenced by political, diplomatic or economic considerations. Based on an original database of Romanian bonds traded in Paris, this article shows that international diplomacy played an important role in the Romanian debt valuation.

Debt Valuation Adjustments and Executive Compensation

2012 ◽  
Author(s):  
Matthew C. Cedergren ◽  
Changling Chen ◽  
Kai Chen
Keyword(s):  
Executive Compensation ◽  
Debt Valuation
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