Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w13706 |
来源ID | Working Paper 13706 |
What Determines the Structure of Corporate Debt Issues? | |
Brandon Julio; Woojin Kim; Michael Weisbach | |
发表日期 | 2007-12-28 |
出版年 | 2007 |
语种 | 英语 |
摘要 | Publicly-traded debt securities differ on a number of dimensions, including quality, maturity, seniority, security, and convertibility. Finance research has provided a number of theories as to why firms should issue debt with different features; yet, there is very little empirical work testing these theories. We consider a sample of 14,867 debt issues in the U.S. between 1971 and 2004. Our goal is to test the implications of these theories, and, more generally, to establish a set of stylized facts regarding the circumstances under which firms issue different types of debt. |
主题 | Financial Economics ; Corporate Finance |
URL | https://www.nber.org/papers/w13706 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571382 |
推荐引用方式 GB/T 7714 | Brandon Julio,Woojin Kim,Michael Weisbach. What Determines the Structure of Corporate Debt Issues?. 2007. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w13706.pdf(313KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。