Illegal finance and usurers behaviour

被引：0
作者：
Raffaella Barone
Roy Cerqueti
Anna Grazia Quaranta
机构：
[1] University of Lecce,Department of Economics, Mathematics and Statistics
[2] University of Macerata,Department of Economical and Financial Institutions
[3] University of Bologna,Department of Mathematic for Economics and Social Science
来源：
European Journal of Law and Economics | 2012年 / 34卷
关键词：
Usury; External financing of companies; Bankruptcy; Stochastic dynamics; Optimization problem; C61; G32; K42;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper deals with a stochastic dynamic optimization problem in the context of illegal company financing. Our analysis of the usury phenomenon is conducted by searching for the best interest rate which an illegal financier should apply to a company in order to bring about the firm’s bankruptcy whilst still securing the maximum wealth for the firm’s guarantee. In this case, the company itself can be taken over and used by the financier for illegal activities. Because of the highly complex nature of the problem, the analysis will be performed via simulation studies.
引用
收藏
页码：265 / 277
页数：12
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