Asymmetric information, repeated lending, and capital structure.: An article from: Journal of Money, Credit & Banking

This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on August 1, 1993. The length of the article is 6711 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: 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. (Printed by permission of the publisher.)

Citation Details
Title: Asymmetric information, repeated lending, and capital structure.
Author: Robert R. Moore
Publication:Journal of Money, Credit & Banking (Refereed)
Date: August 1, 1993
Publisher: Ohio State University Press
Volume: v25 Issue: n3 Page: p393(17)

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