Capital Structure and Debt Structure

Joshua D. Rauh, Amir Sufi

NBER Working Paper No. 14488
Issued in November 2008

---- Acknowledgements -----

We thank Doug Diamond, Anil Kashyap, Michael Roberts, Luigi Zingales, and seminar participants at Chicago GSB, Rice University, Tilburg University, Maastricht University, York University, the University of Toronto, Georgetown University, UC Berkeley, and the University of Colorado for comments. We gratefully acknowledge financial support from the Center for Research in Security Prices and the IBM Corporation. Thanks to Ram Chivukula and Adam Friedlan for excellent research assistance. A previous version of this research circulated under the title: "The Composition and Priority of Corporate Debt: Evidence from Fallen Angels"; Rauh: (773) 834 1710, jrauh@chicagogsb.edu; Sufi: (773) 702 6148, amir.sufi@chicagogsb.edu The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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