Maturity Rationing and Collective Short-Termism

Konstantin Milbradt & Martin Oehmke
Published Date
Copyright 2015
DOI 10.1016/j.jfineco.2014.08.009
CONFERENCE HELD April 5-6, 2013
Book: New Perspectives on Corporate Capital Structure
Book organizers: Viral V. Acharya, Heitor Almeida & Malcolm Baker
PUBLISHER: Journal of Financial Economics 118(3)

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Financial Economics
Portfolio Selection and Asset Pricing
Corporate Finance

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Maturity Rationing and Collective Short-Termism
- Working Paper
Financing terms and investment decisions are jointly determined. This interdependence links firms' asset and liability...

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