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Benzoni, Luca; Garlappi, Lorenzo; Goldstein, Robert S.; … - 2023

prior to issuing additional debt. For realistic values of issuance costs and debt maturity, the no-commitment policy … generates tax benefits that are similar to those obtained by a benchmark policy with commitment. For positive but arbitrarily …

Persistent link: https://www.econbiz.de/10013479494

Sequential reorganisation of corporate debt contracts

Mella-Barral, Pierre - 1994

Persistent link: https://www.econbiz.de/10000147762

Interest rate uncertainty and corporate debt maturity

Mitchell, Karlyn - 1984

Persistent link: https://www.econbiz.de/10000700534

Corporate debt capacity : a study of corporate debt policy and the determination of corporate debt capacity

Donaldson, Gordon - 1961

Persistent link: https://www.econbiz.de/10000674187

Corporate debt maturity choice in a transition economy

Stephan, Andreas; Talavera, Oleksandr; Tsapin, Andriy - 2007

Persistent link: https://www.econbiz.de/10003635778

Corporate debt maturity choice in transition financial markets

Stephan, Andreas (contributor); … - 2008

This paper investigates the determinants of liability maturity choice in transition markets. We formulate a model of firm value maximization that describes managers' choice of optimal debt structure. The theoretical predictions are tested using a unique panel of 4,300 Ukrainian firms during the...