Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10012086246
We match large U.S. corporations' tax returns during 1989-2001 to their financial statements to construct a firm-level proxy of firms' use of off-balance sheet and hybrid debt financing. We find that firms with less favorable prior-period Standard & Poor's (S&P) bond ratings or higher leverage...
Persistent link: https://www.econbiz.de/10005140109