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- W2263615824 abstract "This paper develops a model of capital structure in a three period agency framework. Borrowers retain earnings to reduce their loan needs, which reduces their probability of default, which allows them to obtain more favorable credit terms. The model is capable of generating persistence of real shocks through financial market effects. Copyright 1993 by Ohio State University Press." @default.
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- W2263615824 date "1993-08-01" @default.
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- W2263615824 title "Asymmetric Information, Repeated Lending, and Capital Structure" @default.
- W2263615824 doi "https://doi.org/10.2307/2077770" @default.
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