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| Author: | Emery, G.W. |
| Title: | Cyclical demand and the choice of debt maturity |
| Journal: | Journal of Business
2001 : OCT, VOL. 74:4, p. 557-590 |
| Index terms: | DEBT DEMAND SUPPLIERS |
| Language: | eng |
| Abstract: | This study provides a model in which a supplier's use of short- and long-term debt depends on the demand for its product. The model predicts that suppliers use short-term debt to match their assets' and liabilities' maturities and that their incentive to do so is stronger, the larger term premium. |
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