This research adds to the literature on discriminatory lending practices by banks and non banks in their lending to small U.S.businesses, particularly minority- and women-owned businesses. Although existing research hints at discriminatory practices along ethnic and gender lines, shortcomings in...

In this paper I develop and test three nonmutually exclusive hypotheses about the determinants of corporations' debt maturity choices using a sample of corporate bonds issued between 1982 and 1986. The empirical evidence strongly supports the hypothesis that firms use bond maturity to facilitate...

Do bond-issuing firms attempt to choose the call, sinking fund, and term-to-maturity features of bonds to improve shareholder wealth? This paper develops and tests two hypotheses about the determinants of bond features using a conditional logistic model. The model is estimated on a sample of...