Dennis, Steven; Nandy, Debarshi; Sharpe, Lan G. - In: Journal of Financial and Quantitative Analysis 35 (2000) 01, pp. 87-110
The paper examines the determinats of contract terms on bank revolving credit agreements (revolvers) of medium/large publicly traded companies. We model the duration (maturity), secured status, and pricing decisions within a simultaneous decision framework, thereby overcoming the biased and...