Debt Maturity, Risk, and Asymmetric Information /

We test the implications of Flannery's (1986) and Diamond's (1991) models concerning the effects of risk and asymmetric information in determining debt maturity, and we examine the overall importance of informational asymmetries in debt maturity choices. We employ data on over 6,000 commer...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Espinosa-Vega, Marco
Awduron Eraill: Berger, Allen, Frame, W. Scott, Miller, Nathan
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2005.
Cyfres:IMF Working Papers; Working Paper ; No. 2005/201
Mynediad Ar-lein:Full text available on IMF