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Purpose -This paper aims to investigate the determinants of choice between private and public debt for British and German listed companies. Design/methodology/approach - The paper is based on three strands of theories: the “liquidation and renegotiation” hypothesis; the “moral hazard and...
Persistent link: https://www.econbiz.de/10010761731
Purpose – This paper aims to investigate the determinants of choice between private and public debt for British and German listed companies. Design/methodology/approach – The paper is based on three strands of theories: the “liquidation and renegotiation” hypothesis; the “moral hazard...
Persistent link: https://www.econbiz.de/10014940018