Results 11 to 20 of about 1,569,083 (381)
The Journal of Finance, 1977 Debt and Taxes Author(s): Merton H. Miller Source: The Journal of Finance, Vol. 32, No. 2, Papers and Proceedings of the Thirty-Fifth Annual Meeting of the American Finance Association, Atlantic City, New Jersey, September 16-18, 1976 (May, 1977), pp ...
Merton H. Miller
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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. We start the paper by documenting this inverse relation for those OECD Countries which have reached very high levels of debt.
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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Kajian Biblika Kebebasan Finansial Alkitabiah
Manna Rafflesia, 2021 Finance is an important aspect of human life, so having financial freedom is the hope of many people. But poor financial management often makes a person depressed and frustrated.
Jhon Leonardo Presley Purba +1 more
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Debt Overhang or Debt Irrelevance? Revisiting the Debt-Growth Link [PDF]
SSRN Electronic Journal, 2005 Do Highly Indebted Poor Countries (HIPCs) suffer from a debt overhang? Is debt relief going to improve their growth rates? To answer these important questions, we look at how the debt-growth relationship varies with indebtedness levels and other country characteristics in a panel of developing countries.
Tito Cordella +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
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