Asset liquidity, capital structure, and secured debt
Article Abstract:
This paper shows that asset liquidity increases debt capacity only when disposition of assets is restricted. It also shows the extent to which pledging assets can increase firm value.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2001
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The dynamics of mergers and acquisitions
Article Abstract:
The effect of the stock market valuations of the business enterprises on their takeovers and mergers is analyzed with the help of a model. The model also indicates the returns to shareholders on such mergers.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2005
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Capital structure, credit risk, and macroeconomic conditions
Article Abstract:
The extent to which macroeconomic conditions affect firm's credit risk and size of capital structure changes is analyzed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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