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: Chang, Xin, Chen, Yunling, Masulis, Ronald W.
其他作者: Nanyang Business School
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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機構: Nanyang Technological University
語言: English

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