Systematic Risk, Debt Maturity, and the Term Structure of Credit Spreads
收藏NBER2012-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18367
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资源简介：
We build a dynamic capital structure model to study the link between firms' systematic risk exposures and their time-varying debt maturity choices, as well as its implications for the term structure of credit spreads. Compared to short-term debt, long-term debt helps reduce rollover risks, but its
提供机构：
美国国家经济研究局
创建时间：
2012-09-01
