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Debt, liquidity constraints, and corporate investment: evidence from panel data
, 1992This paper presents evidence supporting the theory that problems of asymmetric information in debt markets affect financially unhealthy firms' ability to obtain outside finance and, consequently, their allocation of real investment expenditure over time.
Toni M. Whited
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Government Debt and Debt Management
1973During the war years, as a direct and indirect result of the occupation, a huge financial deficit on Government account had accumulated. This had been financed to a relatively small extent by long-term borrowing (via the issue of semi-obligatory war loans) but mainly by the placement of Treasury paper with the banking system.
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SSRN Electronic Journal, 2016
I develop a dynamic capital structure model in which shareholders determine a firm's leverage ratio, debt maturity, and default strategy. In my model, the firm's debt matures all at once. Therefore, after repaying the principal shareholders own all the firm's cash flows and can pick a new capital structure.
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I develop a dynamic capital structure model in which shareholders determine a firm's leverage ratio, debt maturity, and default strategy. In my model, the firm's debt matures all at once. Therefore, after repaying the principal shareholders own all the firm's cash flows and can pick a new capital structure.
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Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt
Journal of Political Economy, 1991Douglas W. Diamond
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Does green credit policy affect corporate debt financing? Evidence from China
Environmental science and pollution research international, 2021Weian Li, Guangyao Cui, Minna Zheng
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Irish Theological Quarterly, 2005
The external and internal causes of the present international debt crisis are analysed before the author takes up the moral issues involved in debt relief, which are somewhat more complex than is usually assumed in pubic discourse.
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The external and internal causes of the present international debt crisis are analysed before the author takes up the moral issues involved in debt relief, which are somewhat more complex than is usually assumed in pubic discourse.
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1987
Public debt constitutes private assets. The deficit of one sector of the economy is the surplus of another.
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Public debt constitutes private assets. The deficit of one sector of the economy is the surplus of another.
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Faculty Opinions recommendation of Land clearing and the biofuel carbon debt.
, 2008A. Hector
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Testing Trade-Off and Pecking Order Predictions about Dividends and Debt
, 2002Keith H. Black
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