1.
We document several facts about corporate debt maturity: (1) debt maturity is pro-cyclical, (2) higher-beta firms tend to have longer maturity, and (3) shorter maturity a[...]
2021 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
2.
We build a dynamic capital structure model to study the link between systematic risk exposure and debt maturity, as well as their joint impact on the term structure of cr[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |