Acharya, Viral V.; Huang, Jing-Zhi; Subrahmanyam, Marti G. - 2002 - [Elektronische Ressource]
and liquidity-driven defaults.
JEL Classification: G13, G35, G33
When Does Strategic Debt-Service Matter … an attractive one; it indicates
that default may occur not just because the firm lacks adequate cash (“liquidity defaults … cash; a
prohibition on their doing so in the model might overstate liquidity defaults and inflate spreads.
Secondly, while …