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How Do Managerial Incentives Affect the Maturity Structure of Corporate Public Debt?

Tanaka, Takanori - 2016

I examine the relation between managerial ownership and the maturity structure of corporate public debt by using a sample of newly issued Japanese corporate bonds. Firms with higher managerial ownership issue shorter maturity bonds. In addition, firms with higher managerial ownership have lower...

Persistent link: https://www.econbiz.de/10013000163