haku: @indexterm Debt management / yhteensä: 289
viite: 27 / 289
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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