Purpose – The purpose of this paper is to show how corporate policy with respect to the seniority structure of debt … a combined firm that has acquired junior debt in the merger attempts to move toward the senior-only structure of the … structure after acquiring senior debt. Research limitations/implications – The results of this study are consistent with those …

Purpose The purpose of this paper is to investigate the financial determinants of local government debt in New Zealand …. Design/methodology/approach To investigate the financial determinants of local government debt in New Zealand, the authors … analyse the relationship between key financial variables with local government debt in New Zealand based on the theories of …

Our aim is to analyze the type of lender and the debt maturity of Chilean firms as a function of their ownership … external funds issue short‐term bank debt to finance their new investments. This financing source is an efficient mechanism in …’ decisions on banking debt.  …

regressions of price (cost of debt) and non-price (credit availability) lending decisions on different proxies for earnings … authors also add to the debt-covenant literature by explicitly showing that manipulation helps managers to achieve better …

Heavy debt burdens and corruption have not only had a debilitating effect on development but also undermined efforts at …. Therefore, in developing a “business plan” for Africa’s economic renascence, corruption and debt management and mismanagement … debt relief, this paper highlights the institutional processes that underlie the misallocation and misappropriation of …

suitability of American‐style leverage deals in Britain. Describes the problems that arose as Magnet plc′s debt increased and its …

area and matches them with the debt burden these countries carry as they struggle to develop and reform their political …