Refinancing of Long-Term Debt and Tendency to Overinvest
We examine how the forthcoming refinancing of long-term debt affects firms’ overinvestment tendency. We find that firms reduce overinvestment in the year before the refinancing year. Refinancing risk reduces the propensity to overinvest by 6–8%. Firms with relatively higher levels of refinancing ris...
সংরক্ষণ করুন:
| প্রধান লেখক: | , , |
|---|---|
| বিন্যাস: | Artigo |
| ভাষা: | Inglês |
| প্রকাশিত: |
Pompea College of Business
2026-05-01
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| মালা: | American Business Review |
| বিষয়গুলি: | |
| অনলাইন ব্যবহার করুন: | https://digitalcommons.newhaven.edu/americanbusinessreview/vol29/iss1/3/ |
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