Maturity Rationing and Collective Short-Termism
Published Date
Copyright 2015
DOI 10.1016/j.jfineco.2014.08.009
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Copy CitationKonstantin Milbradt and Martin Oehmke, New Perspectives on Corporate Capital Structure (Journal of Financial Economics 118(3), 2013), chap. 1, https://www.nber.org/books-and-chapters/new-perspectives-corporate-capital-structure/maturity-rationing-and-collective-short-termism.
Published From Paper
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Working Paper
Financing terms and investment decisions are jointly determined. This interdependence links firms' asset and liability...