Aguilar, Camila; Mauricio Cárdenas S.; Marcela Meléndez A. - FEDESARROLLO - 2007
Abstract: In this paper we explore the determinants and the consequences of the development of the corporate bond market in Colombia. We use a large firm-level dataset for the period 1997-2004 and find that the larger, more profitable and more leveraged firms have a higher probability to issue...