| Tekijä: | Pettersson-Lidbom, P. |
| Otsikko: | An empirical investigation of the strategic use of debt |
| Lehti: | Journal of Political Economy
2001 : JUN, VOL. 109:3, p. 570-583 |
| Asiasana: | strategic management Debt management Econometric models |
| Kieli: | eng |
| Tiivistelmä: | 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). |
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