The choice between public and private debt: A survey
We survey the major theoretical and empirical findings of the research on the firm’s choice between public and private debt, and on the subsequent decision between bank and non-bank private debt. First, we review information-based theories, where banks are information producers, keep the firm’s priv...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2011-03-01
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| Series: | IIMB Management Review |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S0970389610001072 |