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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| Інші автори: | , , |
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2005/201 |
| Онлайн доступ: | Full text available on IMF |