Dynamic Debt Maturity
收藏NBER2016-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21919
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资源简介：
A firm chooses its debt maturity structure and default timing dynamically, both without commitment. Via the fraction of newly issued short-term bonds, equity holders control the maturity structure, which affects their endogenous default decision. A shortening equilibrium with accelerated default
提供机构：
美国国家经济研究局
创建时间：
2016-01-01
