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Maturity ratioining and collective short-termism
Milbradt, Konstantin; Oehmke, Martin - 2014
Persistent link: https://www.econbiz.de/10010258185
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Maturity Rationing and Collective Short-Termism
Milbradt, Konstantin - 2014
Financing terms and investment decisions are jointly determined. This interdependence links firms' asset and liability sides and can lead to short-termism in investment. In our model, financing frictions increase with the investment horizon, such that financing for long-term projects is...
Persistent link: https://www.econbiz.de/10013057820
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Maturity Rationing and Collective Short-Termism
Milbradt, Konstantin - 2015
Financing terms and investment decisions are jointly determined. This interdependence, which links firms' asset and liability sides, can lead to short-termism in investment. In our model, financing frictions increase with the investment horizon, such that financing for long-term projects is...
Persistent link: https://www.econbiz.de/10013037063
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Maturity Rationing and Collective Short-Termism
Milbradt, Konstantin - 2014
Financing terms and investment decisions are jointly determined. This interdependence links firms' asset and liability sides and can lead to short-termism in investment. In our model, financing frictions increase with the investment horizon, such that financing for long-term projects is...
Persistent link: https://www.econbiz.de/10012458721
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Maturity Rationing and Collective Short-Termism
Milbradt, Konstantin; Oehmke, Martin - National Bureau of Economic Research (NBER) - 2014
Financing terms and investment decisions are jointly determined. This interdependence links firms' asset and liability sides and can lead to short-termism in investment. In our model, financing frictions increase with the investment horizon, such that financing for long-term projects is...
Persistent link: https://www.econbiz.de/10010969405
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Level 3 assets : booking profits and concealing losses
Milbradt, Konstantin - In: The review of financial studies 25 (2012) 1, pp. 55-95
Persistent link: https://www.econbiz.de/10009515896
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Liquidating illiquid collateral
Oehmke, Martin - In: Journal of economic theory 149 (2014), pp. 183-210
Persistent link: https://www.econbiz.de/10010258381
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Dynamic debt maturity
He, Zhiguo; Milbradt, Konstantin - 2016
Persistent link: https://www.econbiz.de/10011434775
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Endogenous liquidity and defaultable bonds
He, Zhiguo; Milbradt, Konstantin - In: Econometrica : journal of the Econometric Society, an … 82 (2014) 4, pp. 1443-1508
Persistent link: https://www.econbiz.de/10010506461
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The hazards of debt : rollover freezes, incentives, and bailouts
Cheng, Ing-haw; Milbradt, Konstantin - In: The review of financial studies 25 (2012) 4, pp. 1070-1110
Persistent link: https://www.econbiz.de/10009520095