Anginer, Deniz; Demirgüç-Kunt, Asli; Simsir, Serif Aziz; … - In: Borsa Istanbul Review 22 (2022) 2, pp. 197-208
Short-term debt can reduce potential agency conflicts between managers and shareholders by exposing managers to more … for external monitoring through the use of short-term debt. We find that the relationship between debt maturity and … investor protection rights, governance and short-term debt act as substitutes. The extent of creditor rights, state …