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Financing-motivated acquisitions
Erel, Isil; Jang, Yeejin; Weisbach, Michael S. - 2012
financing improvements. These findings are consistent with the view that easing financial frictions is a source of value that …
Persistent link: https://www.econbiz.de/10009507042
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Did Securitization Affect the Cost of Corporate Debt?
Nadauld, Taylor - 2011
This paper investigates whether the securitization of corporate bank loans had an impact on the price of corporate debt. Our results suggest that loan facilities that are subsequently securitized are associated witha 15 basis point lower spread than that of loans that are not subsequently...
Persistent link: https://www.econbiz.de/10013132989
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Macroeconomic Conditions and the Structure of Securities
Erel, Isil - 2010
both the ability and manner in which firms raise external financing. Traditional theory focuses on the demand for capital … sensitivity. Alternatively, financing could be affected by supply of capital in terms of both availability of funds and changes in …
Persistent link: https://www.econbiz.de/10013152863