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US data display aggregate external financing and savings waves. Firms can allocate costly external finance to … firms' financing and savings decisions, and use our model along with firm level data to construct an empirical estimate of …
Persistent link: https://www.econbiz.de/10012911237
US data display aggregate external financing and savings waves. Firms can allocate costly external finance to … firms' financing and savings decisions, and use our model along with firm level data to construct an empirical estimate of …
Persistent link: https://www.econbiz.de/10012458149
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The maturity structure of debt can have financial and real consequences. Short-term debt exposes borrowers to rollover risk (where the terms of financing are renegotiated to the detriment of the borrower) and is associated with financial crises. Moreover, debt maturity can have an impact on the...
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