Antoniou, Antonios; Guney, Yilmaz; Paudyal, Krishna - In: Managerial Finance 34 (2008) 12, pp. 821-847
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...