Atmospheric fluidized-bed combustion (AFBC) is the prevalent technology in boiler design for new power plants. Using plant-level cost data from a sample of commercial AFBC powerplants, we examine the effects of fuel type (scrap coal or standard-grade coal), plant size, and plant completion date...

Small firms differ from large firms in taxability, ownership, flexibility, industry, economies of scale, financial market access, and level of information asymmetry. We investigate the determinants of small firms’ choice of the maturity structure of debt. We find that small firms’ maturity...

Trade credit limits trigger action in the management of accounts receivable. In practice, these limits are usually set by unaided managerial judgment. This paper develops two methodologies based on wealth maximization: information credit limits and risk credit limits. Information limits signal...