Results 291 to 300 of about 377,449 (354)
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Testing Trade-Off and Pecking Order Predictions About Dividends and Debt
Review of Financial Studies, 2002Keith H. Black
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The North American Journal of Economics and Finance, 2012 Abstract This paper studies the impact of mortgages on consumer debt and on debt on durable goods. Outstanding debt, representing mortgages, affects positively consumer debt, and the debt on durable goods. This hypothesis is empirically tested for the U.S. using PSID 2005 wave. Our results are striking.
Joao Ricardo Faria, Le Wang, Zhongmin Wu
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Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach*
Quarterly Journal of Economics, 2012Gauti B. Eggertsson, P. Krugman
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SSRN Electronic Journal, 2011 We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the calibrated model matches important quantitative characteristics of observed wealth and debt portfolios for prime ...
Hintermaier, Thomas, Koeniger, Winfried
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Founding family ownership and the agency cost of debt
Journal of Financial Economics, 2003David M Reeb
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SSRN Electronic Journal, 2010
ABSTRACTThis paper examines debt structure using a new and comprehensive database on types of debt employed by public U.S. firms. We find that 85% of the sample firms borrow predominantly with one type of debt, and the degree of debt specialization varies widely across different subsamples—large rated firms tend to diversify across multiple debt types,
COLLA, PAOLO, IPPOLITO, FILIPPO, K. Li
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ABSTRACTThis paper examines debt structure using a new and comprehensive database on types of debt employed by public U.S. firms. We find that 85% of the sample firms borrow predominantly with one type of debt, and the degree of debt specialization varies widely across different subsamples—large rated firms tend to diversify across multiple debt types,
COLLA, PAOLO, IPPOLITO, FILIPPO, K. Li
openaire +2 more sources
Critical debt and debt dynamics
Journal of Economic Dynamics and Control, 2000zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Willi Semmler, Malte Sieveking
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Journal of Health Economics, 2010 We examine the effect of household financial indebtedness on psychological well-being using a large household survey of families with children in Britain. Existing studies that find a link between debt and depression tend to utilise small and highly selective samples of people and only self-reported measures of financial stress, responses to which are ...
Richard Disney, Sarah Bridges
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Brookings Papers on Economic Activity, 2003 This paper introduces the concept of debt intolerance,' which manifests itself in the extreme duress many emerging markets experience at debt levels that would seem manageable by advanced country standards. We argue that safe' external debt-to-GNP thresholds for debt intolerant countries are low, perhaps as low as 15 percent in some cases.
Reinhart, Carmen +2 more
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