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- W3121748324 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.(This abstract was borrowed from another version of this item.)" @default.
- W3121748324 created "2021-02-01" @default.
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- W3121748324 date "1991-01-01" @default.
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- W3121748324 title "Asymmetric information, repeated lending, and capital structure" @default.
- W3121748324 hasPublicationYear "1991" @default.
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