A Theory of Debt Maturity: The Long and Short of Debt Overhang
收藏NBER2012-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18160
下载链接
链接失效反馈官方服务：
资源简介：
Debt maturity influences debt overhang: the reduced incentive for highly- levered borrowers to make real investments because some value accrues to debt. Reducing maturity can increase or decrease overhang even when shorter-term debt's value depends less on firm value. Future overhang is more
提供机构：
美国国家经济研究局
创建时间：
2012-06-01
