Ruiz, Jorge Fernández; Medina, Blanca Cecilia García - In: Economía Mexicana NUEVA ÉPOCA XII (2003) 2, pp. 275-291
We study the relationship of risk aversion and debt maturity structure. In a model in which adverse selection in … aversion on optimal maturity structure. We prove that, as risk aversion increases, so does the percentage of debt that is long-term. …