A Model on Corporate Investment and Financial Decisions

被引：0
|
作者：
Lin, Sida [1 ]
Wang, Fengxia [1 ]
Ren, Shuming [2 ]
Xia, Zunquan [1 ]
机构：
[1] Dalian Univ Technol, Sch Math Sci, Dalian, Peoples R China
[2] Dalian Univ Technol, Dep Econom, Dalian, Peoples R China
来源：
2009 INTERNATIONAL CONFERENCE ON NEW TRENDS IN INFORMATION AND SERVICE SCIENCE (NISS 2009), VOLS 1 AND 2 | 2009年
关键词：
Capital structure; Investment decision; Risk constraint; VaR; CVaR; AGENCY COSTS; INDUSTRY; FIRM;
D O I：
暂无
中图分类号：
TP [自动化技术、计算机技术];
学科分类号：
0812 ;
摘要：
The relationship between the corporate investment and financing decisions is one of the important issues in the corporate finance theory. This paper aimed at how managers develop reasonable investment and financing strategies to maximize the corporate profits. We construct a constrained optimization model as a decision tool for optimal investment strategies and optimal capital structure. A risk constraint based on VaR and CVaR is introduced in this paper, which can reflect the corporate financial risks more intuitively and reasonably than traditional methods.
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页码：1360 / +
页数：2
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