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Benmelech, Efraim; Bergman, Nittai K. - In: Journal of financial economics 91 (2009) 3, pp. 339-360

Persistent link: https://www.econbiz.de/10003833633

Benmelech, Efraim; Bergman, Nittai K. - 2008

"We examine how collateral affects the cost of debt capital. Theories based on borrower moral hazard and limited pledgeable income predict that collateral increases the availability of credit and reduces its price. Testing these theories is complicated by the very selection problem which they...

Persistent link: https://www.econbiz.de/10003686574

Threat of entry and corporate debt maturity : evidence from airlines

Parise, Gianpaolo - 2014 - This version: September 29th, 2014

I explore the effect of the threat posed by low-cost competitors on debt structure in the airline industry. I use the …

Persistent link: https://www.econbiz.de/10010412667

Collateral Pricing

Benmelech, Efraim - 2008

We examine how collateral affects the cost of debt capital. Theories based on borrower moral hazard and limited pledgeable income predict that collateral increases the availability of credit and reduces its price. Testing these theories is complicated by the very selection problem which they...

Persistent link: https://www.econbiz.de/10012772363

Collateral Pricing

Benmelech, Efraim - 2008

Persistent link: https://www.econbiz.de/10012464773

Tracing the Woes : An Empirical Analysis of the Airline Industry

Berry, Steven - 2010

The U.S. airline industry went through tremendous turmoil in the early 2000's. There were four major bankruptcies and … the airline industry, and estimates the impact of demand and supply changes on profitability. We find that, compared with …

Persistent link: https://www.econbiz.de/10012758133