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maturity. But at high levels of debt, a strong inverse relation emerges. We start the paper by documenting this inverse … of debt and maturity which can explain both sets of facts. It is based on the idea that, at high levels of debt, the … government may need to decrease the maturity of the debt as debt increases, in order to maintain the credibility of its anti …
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This paper argues that the existing finance literature is inadequate with respect to its coverage of capital structure of small and medium sized enterprises (SMEs). In particular it is argued that the cost of equity (being both conceptually ill defined and empirically non quantifiable) is not...
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Public debt profiles have improved in Bolivia recently; in particular by extending the maturity structure and … America, and found that there is still room for improvement, both in terms of maturity structure and currency composition. …
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