haku: @author Barclay, M. / yhteensä: 4
viite: 3 / 4
| Tekijä: | Barclay, M. Smith, C. Jr |
| Otsikko: | The priority structure of corporate liabilities |
| Lehti: | Journal of Finance
1995 : JUL, VOL. 50:3, p. 899-918 |
| Asiasana: | METHOD STUDY FINANCE COMPANIES |
| Kieli: | eng |
| Tiivistelmä: | Most discussions of corporate capital structure effectively assume that all debt is the same. Yet debt differs by maturity, covenant restrictions, conversion rights, call provisions, and priority. Here the authors examine priority structure across a sample of 4995 COMPUSTAT industrial firms from 1981 to 1991. They analyze the variation in the use of capital leases, secured debt, ordinary debt, subordinated debt, and preferred stock both as a fraction of the firm's market value and as a fraction of total fixed claims. |
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