Evidence shows that firms market time their debt maturity. Specifically, maturity is found to be inversely proportional to the term spread (the difference between long and short-term Treasury yield). That is, firms issue short-term debt when the term spread is large and they increase maturity as...

This paper presents a model to assess the efficiency of the capital structure in public-private partnerships (PPP). A main argument supporting the PPP approach for investment projects is the transfer of know-how from the private partner to the public entity. The paper shows how different...

This paper presents a model to assess the efficiency of the capital structure in public-private partnerships (PPP). A main argument supporting the PPP approach for investment projects is the transfer of know-how from the private partner to the public entity. The paper shows how different...