Showing 1 - 10 of 105
Persistent link: https://www.econbiz.de/10011446169
Persistent link: https://www.econbiz.de/10010372380
Persistent link: https://www.econbiz.de/10009560732
Debt maturity influences debt overhang: the reduced incentive for highly- levered borrowers to make real investments … because some value accrues to debt. Reducing maturity can increase or decrease overhang even when shorter-term debt's value …
Persistent link: https://www.econbiz.de/10013116458
Debt maturity influences debt overhang: the reduced incentive for highly- levered borrowers to make real investments … because some value accrues to debt. Reducing maturity can increase or decrease overhang even when shorter-term debt's value …
Persistent link: https://www.econbiz.de/10013105007
Debt maturity influences debt overhang: the reduced incentive for highly- levered borrowers to make real investments … because some value accrues to debt. Reducing maturity can increase or decrease overhang even when shorter-term debt's value …
Persistent link: https://www.econbiz.de/10012460501
Persistent link: https://www.econbiz.de/10003901605
Persistent link: https://www.econbiz.de/10009571752
Persistent link: https://www.econbiz.de/10011434775
A firm chooses its debt maturity structure and default timing dynamically, both without commitment. Via the fraction of … newly issued short-term bonds, equity holders control the maturity structure, which affects their endogenous default …
Persistent link: https://www.econbiz.de/10013000527