Debt Maturity, Ownership Concentration, and Firm Efficiency

I study the relationship between debt maturity and agency conflicts between controlling and minority shareholders in unlisted firms. Exploiting cross-provinces variance in the development of local credit markets, I find a negative joint effect of ownership concentration and short-term bank debt on firm efficiency

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Year of publication:	2016
Authors:	Murtinu, Samuele
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Eigentümerstruktur \| Ownership structure \| Fremdkapital \| Debt financing \| Theorie \| Theory \| Unternehmenskonzentration \| Market concentration \| Fälligkeit \| Maturity \| Verbindlichkeiten \| Corporate debt

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Bulletin, Vol. 35 No. 4 pp. 2610-2616 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 13, 2015 erstellt
Other identifiers:	10.2139/ssrn.2614443 [DOI]
Classification:	G21 - Banks; Other Depository Institutions; Mortgages ; G32 - Financing Policy; Capital and Ownership Structure ; L26 - Entrepreneurship ; M13 - Entrepreneurship ; M21 - Business Economics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013004619