Results 11 to 20 of about 1,575,978 (352)
ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* [PDF]
World Scientific Reference on Contingent Claims Analysis in Corporate Finance, 1974 Presented at the American Finance Association Meeting, New York, December 1973.(This abstract was borrowed from another version of this item.)
Robert C. Merton
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The Debt Burden and Debt Maturity [PDF]
, 1991 At low and moderate levels of government debt, there appears to be little relation between the level of debt and its maturity. But at high levels of debt, a strong inverse relation emerges.
Alessandro Missale +1 more
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Frontiers in Psychology, 2020 Psychologists and economists often discuss the "pain" of paying for our purchases. Four experiments examine how people evaluate prospective debt payments, analyzing how different features of a loan (down payment, final payment, duration, monthly payments) affect willingness to accept the loan.
Robert M. Lawless +3 more
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Dynamic Investment, Debt Structure and Debt Overhang [PDF]
SSRN Electronic Journal, 2020 We study the impact of heterogeneous debt structures on corporate financing and investment decisions in a dynamic trade-off model. The issuance of bank debt along with market debt accelerates investment and mitigates the ex-post debt overhang relative to exclusive market debt structures.
Liu Gan, Xin Xia, Hai Zhang
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Debt Seniority and Sovereign Debt Crises [PDF]
IMF Working Papers, 2018 Is the seniority structure of sovereign debt neutral for a government’s decision between defaulting and raising surpluses? In this paper, we address this question using a model of debt crises where a discretionary government endogenously chooses distortionary taxation and whether to apply an optimal haircut to bondholders. We show that when the size of
Ari, A., Corsetti, G., Dedola, L.
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SSRN Electronic Journal, 2018 We show that debt is sustainable at a competitive equilibrium based solely on the reputation for repayment; that is, even without collateral or legal sanctions available to creditors. In an incomplete asset market, when the rate of interest falls recurrently below the rate of growth of the economy, self‐insurance is more costly than borrowing, and ...
Gaetano Bloise +2 more
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Bank ownership, lending relationships and capital structure: Evidence from Spain [PDF]
, 2019 This paper analyses the influence of bank ownership and lending on capital structure for a sample of listed and unlisted Spanish firms in the period 2005–2012.
Fernández Méndez, Carlos +1 more
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“External Debt, Domestic Investment and Economic Growth in Cameroon” A system Estimation Approach [PDF]
, 2015 The feedback of external debt on economic growth through gross domestic investment has provided quite interesting results throughout the world especially in developing countries where external and internal borrowing have been a tradition.
FORGHA, Njimanted G. +2 more
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, 1998 We examine the economics of financing small business in private equity and debt markets. Firms are viewed through a financial growth cycle paradigm in which different capital structures are optimal at different points in the cycle. We show the sources of
Allen N. Berger, Gregory F. Udell
semanticscholar +1 more source