Bank lines of credit as a source of long-term finance
Hand-collecting credit line drawdowns that firms classify as long-Term debt, we first document how long-Term drawdowns rise with high investment needs or weak external capital market conditions. Nearly all drawdown proceeds finance long-Term investment, including M&A activity. Unrated and lower-...
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| Main Authors: | , , |
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| 格式: | Article |
| 語言: | English |
| 出版: |
2023
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| 在線閱讀: | https://hdl.handle.net/10356/169370 |
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