Risky Debt-Maturity Choice under Information Asymmetry
The traditional equilibrium models of signaling with debt-maturity require transaction costs by firms when raising new capital. In this paper, we propose a new model that has no such requirement. We demonstrate that a separating equilibrium of debt-maturity choice exists under a much more general co...
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| Main Authors: | , |
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| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
2007
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| 主題: | |
| 在線閱讀: | https://ink.library.smu.edu.sg/lkcsb_research/1574 https://ink.library.smu.edu.sg/context/lkcsb_research/article/2573/viewcontent/Risky_Debt_Maturity_Choice_under_Information_Asymmetry_2007.pdf |
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