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Chemmanur et al., 1994 - Google Patents

Reputation, renegotiation, and the choice between bank loans and publicly traded debt

Chemmanur et al., 1994

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Document ID
11209026606507350741
Author
Chemmanur T
Fulghieri P
Publication year
Publication venue
Review of financial Studies

External Links

Snippet

We model firms' choice between bank loans and publicly traded debt, allowing for debt renegotiation in the event of financial distress. Entrepreneurs, with private information about their probability of financial distress, borrow from banks (multiperiod players) or issue bonds …
Continue reading at citeseerx.ist.psu.edu (PDF) (other versions)

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