نتایج جستجو برای: public debt
تعداد نتایج: 394018 فیلتر نتایج به سال:
2002
Dirk Hackbarth
Christopher A Hennessy
Hayne E Leland
This paper examines the optimal priority structure and mix of bank and bond market debt within a continuous-time asset pricing framework. Closed-form expressions are derived for the values of renegotiable bank debt, non-renegotiable bond market debt, equity, and levered firm values. We show that the optimal debt structure hinges upon the ex post division of bargaining power between the firm and...
Journal:
:International Tax and Public Finance
2016
Journal:
:Scottish Journal of Political Economy
2008
Journal:
:Australian Journal of Public Administration
2016
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