Zhou, Bilei; Guo, Jie Michael; Chen, Xiaohong; Yang, Tian - In: Applied Financial Economics 22 (2012) 21, pp. 1753-1769
This article examines whether managers can successfully time the debt market when firms issue debt. The question arises from the debate about whether the empirical evidence that corporate debt issues are correlated to the debt market condition factors reveals the underlying market timing...