Results 211 to 220 of about 137,575 (264)

Academic Publishing as a Complex System

open access: yes
Varga T   +4 more
europepmc   +1 more source

The Leverage Ratchet Effect [PDF]

open access: possibleSSRN Electronic Journal, 2013
ABSTRACTFirms’ inability to commit to future funding choices has profound consequences for capital structure dynamics. With debt in place, shareholders pervasively resist leverage reductions no matter how much such reductions may enhance firm value. Shareholders would instead choose to increase leverage even if the new debt is junior and would reduce ...
Anat R. Admati   +3 more
openaire   +4 more sources

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