Abstract
The cost of running out of capital is a big, complicated question. Running out of capital is defined here as a situation of not having enough available funds to draw on but still having financial obligations towards others. In other words, we have not necessarily run out of assets in the form of long-term investments and other assets of value, but we have no more cash, so we have run out of capital.
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Jensen, J.L., Sublett, S. (2017). Introduction to the Cost of Running Out of Capital. In: Redefining Risk & Return. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-41369-3_3
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DOI: https://doi.org/10.1007/978-3-319-41369-3_3
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-41368-6
Online ISBN: 978-3-319-41369-3
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