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| Author: | Bondt, G. de |
| Title: | Determinants of corporate debt securities in the Euro area |
| Journal: | European Journal of Finance
2005 : DEC, VOL. 11:6, p. 493-509 |
| Index terms: | corporate finance debt securities euro macroeconomics models European Monetary System European Union |
| Freeterms: | EMS EMU |
| Language: | eng |
| Abstract: | This study examines the macroeconomic determinants of corporate debt securities (hereafter as: d-scs.) in the Euro area. The financing costs and financing needs are found to be significant determinants in the short and long run. The empirical results are also supportive of substitution btw. d-scs. and internal financing unrelated to cost of differentials in the short run and of differences in the determination of long- and short-term d-scs. |
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