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...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Espinosa-Vega, Marco
Beste egile batzuk: Berger, Allen, Frame, W. Scott, Miller, Nathan
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2005.
Saila:IMF Working Papers; Working Paper ; No. 2005/201
Sarrera elektronikoa:Full text available on IMF