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Modeling of the Bond Issue Parameters for the Capital Structure Optimization
Authors
Yulia V. Semernina, Kristina A. Odinokova, Ekaterina A. Nesterenko, Eugene A. Korobov, Alina S. Usmanova
Corresponding Author
Yulia V. Semernina
Available Online 12 December 2019.
- DOI
- 10.2991/ahcs.k.191206.001How to use a DOI?
- Keywords
- bond issue, computing debt instruments parameters, optimal capital structure, cost of capital, financial simulation model
- Abstract
The article proposes a computational model with eight-step algorithm for usage bond issuance as a systematic instrument to finance corporate assets by optimal capital structure. The crucial model points are methodologically accurate calculation of the average credit spread accounting the difference in maturity of marketable and modeled issues and the consideration of market factors. The model allows to use debt financing as a financial manager’s tool for funding and lowering cost of capital.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
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Cite this article
TY - CONF AU - Yulia V. Semernina AU - Kristina A. Odinokova AU - Ekaterina A. Nesterenko AU - Eugene A. Korobov AU - Alina S. Usmanova PY - 2019 DA - 2019/12/12 TI - Modeling of the Bond Issue Parameters for the Capital Structure Optimization BT - Proceedings of the Fourth Workshop on Computer Modelling in Decision Making (CMDM 2019) PB - Atlantis Press SP - 1 EP - 5 SN - 2589-4900 UR - https://doi.org/10.2991/ahcs.k.191206.001 DO - 10.2991/ahcs.k.191206.001 ID - Semernina2019 ER -