Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10003871915
Persistent link: https://www.econbiz.de/10011347318
Persistent link: https://www.econbiz.de/10010419520
Using data from SEC filings, I show that the typical bank loan is renegotiated five times, or every nine months. The pricing, maturity, amount, and covenants are all significantly modified during each renegotiation, whose timing is governed by the financial health of the contracting parties and...
Persistent link: https://www.econbiz.de/10012458184
Persistent link: https://www.econbiz.de/10009706639
This paper explores the relevance of capital market supply frictions for corporate capital structure decisions. To identify this relationship, I study the effect on firms' financial structures of two changes in bank funding constraints: the 1961 emergence of the market for CDs, and the 1966...
Persistent link: https://www.econbiz.de/10014214349
Persistent link: https://www.econbiz.de/10003877493
Persistent link: https://www.econbiz.de/10011300192
Using data from SEC filings, I show that the typical bank loan is renegotiated five times, or every nine months. The pricing, maturity, amount, and covenants are all significantly modified during each renegotiation, whose timing is governed by the financial health of the contracting parties and...
Persistent link: https://www.econbiz.de/10013068840
Using data from SEC filings, I show that the typical bank loan is renegotiated five times, or every nine months. The pricing, maturity, amount, and covenants are all significantly modified during each renegotiation, whose timing is governed by the financial health of the contracting parties and...
Persistent link: https://www.econbiz.de/10013046613