Los autores analizan las politicas financieras y los ajustes en el balance de las empresas. Con datos de empresas britanicas cotizadas, se estiman modelos para dividendos, emision de nuevas acciones e inversion, relacionandolos con la evolucion de la deuda de la empresa. Los resultados indican...

Household indebtedness has risen sharply in recent years, with large increases in both secured and unsecured borrowing. In this paper, waves 5 and 10 of the British Household Panel Survey (BHPS) for 1995 and 2000 are used to examine the determinants of participation in the unsecured debt market...