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Persistent link: https://www.econbiz.de/10010889381
In this paper I develop and test three nonmutually exclusive hypotheses about the determinants of corporations' debt maturity choices using a sample of corporate bonds issued between 1982 and 1986. The empirical evidence strongly supports the hypothesis that firms use bond maturity to facilitate...
Persistent link: https://www.econbiz.de/10008518462