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...

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Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Espinosa-Vega, Marco
Rannpháirtithe: Berger, Allen, Frame, W. Scott, Miller, Nathan
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2005.
Sraith:IMF Working Papers; Working Paper ; No. 2005/201
Rochtain ar líne:Full text available on IMF