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-...
Saved in:
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
2023
|
| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/169370 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Nanyang Technological University |
| Language: | English |