A Cautionary Note on Niu and Zeng (2018)

6 Pages Posted: 22 Jan 2020

See all articles by Ji CAO

Ji CAO

Yunnan University - School of Development Studies

Marc Oliver Rieger

University of Trier

Date Written: November 8, 2019

Abstract

We revisit the article by Niu and Zeng (FRL, 2018) on “Corporate financing with loss aversion and disagreement”. We find two problematic points in the mathematical derivation of their fundamental results and suggest ways to remedy these problems.

Keywords: Corporate Finance, Capital Structure, Loss Aversion, Prospect Theory

JEL Classification: C61, G32

Suggested Citation

CAO, Ji and Rieger, Marc Oliver, A Cautionary Note on Niu and Zeng (2018) (November 8, 2019). Available at SSRN: https://ssrn.com/abstract=3510655 or http://dx.doi.org/10.2139/ssrn.3510655

Ji CAO (Contact Author)

Yunnan University - School of Development Studies ( email )

China

Marc Oliver Rieger

University of Trier ( email )

15, Universitaetsring
Trier, 54286
Germany

HOME PAGE: http://www.banking-finance.uni-trier.de

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