Similar Search Results

Geelen, Thomas A. - 2016

-cycle theory of debt maturity …I develop a dynamic model of financing decisions and optimal debt maturity choice in which creditors face adverse …-leverage firms eventually decide to issue debt. Because shorter maturity debt is less sensitive to information, younger firms issue …

Persistent link: https://www.econbiz.de/10011626255

A Debt of Dishonor

Oosterlinck, Kim; Panizza, Ugo; Weidemaier, Mark; … - 2022

In 1825, France conditioned its grant of recognition to the new nation of Haiti on the payment of 150 million francs plus trade benefits. The payments were, at least in part, compensation for the losses that French plantation owners suffered, a key part of which was the loss of enslaved...

Persistent link: https://www.econbiz.de/10013290746

Does debt capacity matter in the choice of debt in reducing the underinvestment problem?

Kashefi Pour, Eilnaz; Khansalar, Ehsan - In: Research in international business and finance 34 (2015), pp. 251-264

Persistent link: https://www.econbiz.de/10011326307

Debt Covenants, Agency Costs and Debt Maturity

Alcock, Jamie - 2019

Corporate debt maturity is a concave function of financial leverage when the debt has restrictive asset-based covenants …) to reduce the probability of covenant violation. We also find that maturity-leverage concavity is reduced when executive …

Persistent link: https://www.econbiz.de/10012868475

Debt Maturity and Lumpy Debt

Geelen, Thomas - 2017

I develop a dynamic capital structure model in which shareholders determine a firm's leverage ratio, debt maturity, and … all the firm's cash flows and can pick a new capital structure. The possibility to alter the capital structure at maturity … gives shareholders the incentive to issue finite maturity debt and allows me to study firms' joint choice of leverage and …

Persistent link: https://www.econbiz.de/10012970038