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asymmetric information in determining debt maturity, and we examine the overall importance of informational asymmetries in debt … maturity choices. We employ data on over 6,000 commercial loans from 53 large U.S. banks. Our results for low-risk firms are … information in explaining debt maturity"--Federal Reserve Board web site …
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information in determining debt maturity, and we examine the overall importance of informational asymmetries in debt maturity … information in explaining debt maturity …
Persistent link: https://www.econbiz.de/10013158550
asymmetric information in determining debt maturity, and we examine the overall importance of informational asymmetries in debt … maturity choices. We employ data on over 6,000 commercial loans from 53 large U.S. banks. Our results for low-risk firms are … asymmetric information in explaining debt maturity …
Persistent link: https://www.econbiz.de/10014402040
We build a dynamic capital structure model to study the link between systematic risk exposure and debt maturity, as … the maturity structure. Relative to short-term debt, long-term debt is less prone to rollover risks, but its illiquidity … favour longer debt maturity, as well as a more stable maturity structure over the business cycle. Pro-cyclical debt maturity …
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The purpose of this study is to examine the relationship between credit rating scales and debt maturity choices. A … estimation techniques are also used for robust evidence. Results suggest that companies with high and low ratings have a shorter … debt maturity. Companies with medium ratings have longer debt maturity structure. Liquidity shows a negative association …
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