search query: @indexterm Strategic management / total: 1889
reference: 396 / 1889
| Author: | Pettersson-Lidbom, P. |
| Title: | An empirical investigation of the strategic use of debt |
| Journal: | Journal of Political Economy
2001 : JUN, VOL. 109:3, p. 570-583 |
| Index terms: | strategic management Debt management Econometric models |
| Language: | eng |
| Abstract: | The paper examines the accumulation of debt by Swedish local governments. The author finds that right-wing governments accumulate more debt when facing a higher probability of defeat, whereas the opposite occurs for left-wing governments. The results are consistent with the predictions from a strategic debt model developed by Persson and Svensson (Q.J.E 1989). |
SCIMA