{"id":"https://openalex.org/W2137698130","doi":"https://doi.org/10.1137/120866816","title":"An Optimal Dividend and Investment Control Problem under Debt Constraints","display_name":"An Optimal Dividend and Investment Control Problem under Debt Constraints","publication_year":2013,"publication_date":"2013-01-01","ids":{"openalex":"https://openalex.org/W2137698130","doi":"https://doi.org/10.1137/120866816","mag":"2137698130"},"language":"en","primary_location":{"id":"doi:10.1137/120866816","is_oa":false,"landing_page_url":"https://doi.org/10.1137/120866816","pdf_url":null,"source":{"id":"https://openalex.org/S75627377","display_name":"SIAM Journal on Financial Mathematics","issn_l":"1945-497X","issn":["1945-497X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320508","host_organization_name":"Society for Industrial and Applied Mathematics","host_organization_lineage":["https://openalex.org/P4310320508"],"host_organization_lineage_names":["Society for Industrial and Applied Mathematics"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SIAM Journal on Financial Mathematics","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://hal.science/hal-00653293","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5029470908","display_name":"Etienne Chevalier","orcid":null},"institutions":[{"id":"https://openalex.org/I4210155549","display_name":"Laboratoire de Math\u00e9matiques","ror":"https://ror.org/05sd5r855","country_code":"FR","type":"facility","lineage":["https://openalex.org/I1294671590","https://openalex.org/I1294671590","https://openalex.org/I198244214","https://openalex.org/I4210141950","https://openalex.org/I4210155549"]},{"id":"https://openalex.org/I4387153769","display_name":"Laboratoire de Math\u00e9matiques et Mod\u00e9lisation d'\u00c9vry","ror":"https://ror.org/03jca6281","country_code":null,"type":"facility","lineage":["https://openalex.org/I1294671590","https://openalex.org/I277688954","https://openalex.org/I4210097372","https://openalex.org/I4387153769","https://openalex.org/I88467170"]}],"countries":["FR"],"is_corresponding":true,"raw_author_name":"Etienne Chevalier","raw_affiliation_strings":["LaMME - Laboratoire de Math\u00e9matiques et Mod\u00e9lisation d'Evry (IBGBI, 23 boulevard de France\r\n91037 Evry - France)"],"affiliations":[{"raw_affiliation_string":"LaMME - Laboratoire de Math\u00e9matiques et Mod\u00e9lisation d'Evry (IBGBI, 23 boulevard de France\r\n91037 Evry - France)","institution_ids":["https://openalex.org/I4210155549","https://openalex.org/I4387153769"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5015502023","display_name":"Vathana Ly Vath","orcid":"https://orcid.org/0000-0002-1573-8134"},"institutions":[{"id":"https://openalex.org/I4387153769","display_name":"Laboratoire de Math\u00e9matiques et Mod\u00e9lisation d'\u00c9vry","ror":"https://ror.org/03jca6281","country_code":null,"type":"facility","lineage":["https://openalex.org/I1294671590","https://openalex.org/I277688954","https://openalex.org/I4210097372","https://openalex.org/I4387153769","https://openalex.org/I88467170"]},{"id":"https://openalex.org/I4210155549","display_name":"Laboratoire de Math\u00e9matiques","ror":"https://ror.org/05sd5r855","country_code":"FR","type":"facility","lineage":["https://openalex.org/I1294671590","https://openalex.org/I1294671590","https://openalex.org/I198244214","https://openalex.org/I4210141950","https://openalex.org/I4210155549"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Vathana Ly Vath","raw_affiliation_strings":["LaMME - Laboratoire de Math\u00e9matiques et Mod\u00e9lisation d'Evry (IBGBI, 23 boulevard de France\r\n91037 Evry - France)"],"affiliations":[{"raw_affiliation_string":"LaMME - Laboratoire de Math\u00e9matiques et Mod\u00e9lisation d'Evry (IBGBI, 23 boulevard de France\r\n91037 Evry - France)","institution_ids":["https://openalex.org/I4210155549","https://openalex.org/I4387153769"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5054742441","display_name":"Simone Scotti","orcid":"https://orcid.org/0000-0003-4365-6539"},"institutions":[{"id":"https://openalex.org/I4210147464","display_name":"Laboratoire de Probabilit\u00e9s et Mod\u00e8les Al\u00e9atoires","ror":"https://ror.org/04hjc7403","country_code":"FR","type":"facility","lineage":["https://openalex.org/I1294671590","https://openalex.org/I204730241","https://openalex.org/I39804081","https://openalex.org/I4210141950","https://openalex.org/I4210147464"]},{"id":"https://openalex.org/I4387155306","display_name":"Laboratoire de Probabilit\u00e9s, Statistique et Mod\u00e9lisation","ror":"https://ror.org/02vnd0e65","country_code":null,"type":"facility","lineage":["https://openalex.org/I1294671590","https://openalex.org/I204730241","https://openalex.org/I39804081","https://openalex.org/I4387155306"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Simone Scotti","raw_affiliation_strings":["LPSM (UMR_8001) - Laboratoire de Probabilit\u00e9s, Statistique et Mod\u00e9lisation (Campus Jussieu Tour 16-26, 1er \u00e9tage 4, Place Jussieu 75005 Paris / \r\n\r\nB\u00e2timent Sophie Germain 5\u00e8me \u00e9tage Avenue de France 75013 Paris - France)"],"affiliations":[{"raw_affiliation_string":"LPSM (UMR_8001) - Laboratoire de Probabilit\u00e9s, Statistique et Mod\u00e9lisation (Campus Jussieu Tour 16-26, 1er \u00e9tage 4, Place Jussieu 75005 Paris / \r\n\r\nB\u00e2timent Sophie Germain 5\u00e8me \u00e9tage Avenue de France 75013 Paris - France)","institution_ids":["https://openalex.org/I4210147464","https://openalex.org/I4387155306"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5029470908"],"corresponding_institution_ids":["https://openalex.org/I4210155549","https://openalex.org/I4387153769"],"apc_list":null,"apc_paid":null,"fwci":2.161,"has_fulltext":false,"cited_by_count":23,"citation_normalized_percentile":{"value":0.89345854,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"4","issue":"1","first_page":"297","last_page":"326"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9948999881744385,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9948999881744385,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.9546999931335449,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9318000078201294,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/debt","display_name":"Debt","score":0.7442916631698608},{"id":"https://openalex.org/keywords/bankruptcy","display_name":"Bankruptcy","score":0.7261939644813538},{"id":"https://openalex.org/keywords/dividend-policy","display_name":"Dividend policy","score":0.6309982538223267},{"id":"https://openalex.org/keywords/dividend","display_name":"Dividend","score":0.6219308972358704},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.6152698397636414},{"id":"https://openalex.org/keywords/capital-structure","display_name":"Capital structure","score":0.5415800213813782},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.5029918551445007},{"id":"https://openalex.org/keywords/constraint","display_name":"Constraint (computer-aided design)","score":0.47820186614990234},{"id":"https://openalex.org/keywords/divestment","display_name":"Divestment","score":0.4716942608356476},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4532436430454254},{"id":"https://openalex.org/keywords/creditor","display_name":"Creditor","score":0.44613179564476013},{"id":"https://openalex.org/keywords/shareholder","display_name":"Shareholder","score":0.4328418970108032},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4088653326034546},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.3316273093223572},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.28382155299186707},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.18771803379058838},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.13608726859092712}],"concepts":[{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.7442916631698608},{"id":"https://openalex.org/C504631918","wikidata":"https://www.wikidata.org/wiki/Q152074","display_name":"Bankruptcy","level":2,"score":0.7261939644813538},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.6309982538223267},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.6219308972358704},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6152698397636414},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.5415800213813782},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5029918551445007},{"id":"https://openalex.org/C2776036281","wikidata":"https://www.wikidata.org/wiki/Q48769818","display_name":"Constraint (computer-aided design)","level":2,"score":0.47820186614990234},{"id":"https://openalex.org/C181190989","wikidata":"https://www.wikidata.org/wiki/Q1200733","display_name":"Divestment","level":2,"score":0.4716942608356476},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4532436430454254},{"id":"https://openalex.org/C159091798","wikidata":"https://www.wikidata.org/wiki/Q157165","display_name":"Creditor","level":3,"score":0.44613179564476013},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.4328418970108032},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4088653326034546},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3316273093223572},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.28382155299186707},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.18771803379058838},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.13608726859092712},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1137/120866816","is_oa":false,"landing_page_url":"https://doi.org/10.1137/120866816","pdf_url":null,"source":{"id":"https://openalex.org/S75627377","display_name":"SIAM Journal on Financial Mathematics","issn_l":"1945-497X","issn":["1945-497X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320508","host_organization_name":"Society for Industrial and Applied Mathematics","host_organization_lineage":["https://openalex.org/P4310320508"],"host_organization_lineage_names":["Society for Industrial and Applied Mathematics"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SIAM Journal on Financial Mathematics","raw_type":"journal-article"},{"id":"pmh:oai:HAL:hal-00653293v1","is_oa":true,"landing_page_url":"https://hal.science/hal-00653293","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL (Le Centre pour la Communication Scientifique Directe)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1294671590","host_organization_name":"Centre National de la Recherche Scientifique","host_organization_lineage":["https://openalex.org/I1294671590"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"2011","raw_type":"Preprints, Working Papers, ..."},{"id":"pmh:oai:HAL:hal-04395340v1","is_oa":false,"landing_page_url":"https://hal.science/hal-04395340","pdf_url":null,"source":{"id":"https://openalex.org/S4406922466","display_name":"SPIRE - Sciences Po Institutional REpository","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SIAM Journal on Financial Mathematics, 2013, 4 (1), pp.297-326. &#x27E8;10.1137/120866816&#x27E9;","raw_type":"Journal articles"},{"id":"pmh:oai:arpi.unipi.it:11568/1133485","is_oa":false,"landing_page_url":"http://hdl.handle.net/11568/1133485","pdf_url":null,"source":{"id":"https://openalex.org/S4377196265","display_name":"CINECA IRIS Institutial research information system (University of Pisa)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I108290504","host_organization_name":"University of Pisa","host_organization_lineage":["https://openalex.org/I108290504"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"pmh:oai:HAL:hal-00653293v1","is_oa":true,"landing_page_url":"https://hal.science/hal-00653293","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL (Le Centre pour la Communication Scientifique Directe)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I1294671590","host_organization_name":"Centre National de la Recherche Scientifique","host_organization_lineage":["https://openalex.org/I1294671590"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"2011","raw_type":"Preprints, Working Papers, ..."},"sustainable_development_goals":[{"display_name":"Partnerships for the goals","score":0.5400000214576721,"id":"https://metadata.un.org/sdg/17"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":26,"referenced_works":["https://openalex.org/W1507126399","https://openalex.org/W1522957774","https://openalex.org/W1701395847","https://openalex.org/W1988412344","https://openalex.org/W1991299455","https://openalex.org/W1995503011","https://openalex.org/W1999126580","https://openalex.org/W2032316144","https://openalex.org/W2053235992","https://openalex.org/W2067610937","https://openalex.org/W2070173176","https://openalex.org/W2072321868","https://openalex.org/W2073097666","https://openalex.org/W2077092908","https://openalex.org/W2098244917","https://openalex.org/W2108101768","https://openalex.org/W2117899140","https://openalex.org/W2126258480","https://openalex.org/W2126867477","https://openalex.org/W2132207085","https://openalex.org/W2140171702","https://openalex.org/W2140264779","https://openalex.org/W2142874885","https://openalex.org/W2157509603","https://openalex.org/W2157757184","https://openalex.org/W2592216957"],"related_works":["https://openalex.org/W1484809014","https://openalex.org/W2380198706","https://openalex.org/W2090345768","https://openalex.org/W2356514433","https://openalex.org/W3215587151","https://openalex.org/W2347893185","https://openalex.org/W3200849755","https://openalex.org/W1517418884","https://openalex.org/W2993425899","https://openalex.org/W2351531671"],"abstract_inverted_index":{"This":[0],"paper":[1],"concerns":[2],"the":[3,11,24,67,71,85,105,142,154,157],"problem":[4,122,130,155],"of":[5,16,54,90,141,153],"determining":[6],"an":[7],"optimal":[8],"control":[9,129],"on":[10],"dividend":[12,115],"and":[13,40,127,131,160],"investment":[14,28,109],"policy":[15],"a":[17,51,58,124,133,150],"firm":[18,72,86,106],"under":[19],"debt":[20,55,99],"constraints.":[21],"We":[22,119,144],"allow":[23],"company":[25],"to":[26,61,77,87,95,101,117,137],"make":[27],"by":[29,110],"increasing":[30],"its":[31,37,91,97],"outstanding":[32],"indebtedness,":[33],"which":[34,70],"would":[35],"impact":[36],"capital":[38],"structure":[39],"risk":[41],"profile,":[42],"thus":[43],"resulting":[44],"in":[45,93,156],"higher":[46],"interest":[47],"rate":[48],"debts.":[49],"Moreover,":[50],"high":[52],"level":[53],"is":[56,66,81],"also":[57],"challenging":[59],"constraint":[60],"any":[62,114],"firm,":[63],"as":[64,123],"it":[65],"threshold":[68],"below":[69],"value":[73],"should":[74],"never":[75],"go":[76],"avoid":[78],"bankruptcy.":[79],"It":[80],"equally":[82],"possible":[83],"for":[84],"divest":[88],"parts":[89],"business":[92],"order":[94],"decrease":[96],"financial":[98],"owed":[100],"creditors.":[102],"In":[103],"addition,":[104],"may":[107],"favor":[108],"postponing":[111],"or":[112],"reducing":[113],"distribution":[116],"shareholders.":[118],"formulate":[120],"this":[121],"combined":[125],"singular":[126],"multiswitching":[128],"use":[132],"viscosity":[134],"solution":[135],"approach":[136],"get":[138],"qualitative":[139],"descriptions":[140],"solution.":[143],"further":[145],"enrich":[146],"our":[147],"studies":[148],"with":[149],"complete":[151],"resolution":[152],"two-regime":[158],"case":[159],"provide":[161],"some":[162],"numerical":[163],"illustrations.":[164]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":6},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":2},{"year":2013,"cited_by_count":1}],"updated_date":"2026-03-25T14:56:36.534964","created_date":"2025-10-10T00:00:00"}
