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Debt maturity: What do economists say? What do CFOs say?

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Author Info

  • Mitchell Berlin

Abstract

Mitchell Berlin discusses recent theories of how firms choose their debt maturity. Some of these theories are very useful for explaining how chief financial officers (CFOs) choose the maturity of their firms’ debt. However, CFOs seem to believe that they can predict future interest rates and time their borrowings accordingly, and this behavior fundamentally conflicts with most economic theories.

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File URL: http://www.philadelphiafed.org/research-and-data/publications/business-review/2006/q1/Q1_06_DebtMaturity.pdf
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Bibliographic Info

Article provided by Federal Reserve Bank of Philadelphia in its journal Business Review.

Volume (Year): (2006)
Issue (Month): Q1 ()
Pages: 3-10

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Handle: RePEc:fip:fedpbr:y:2006:i:q1:p:3-10

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Related research

Keywords: Debt management;

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Cited by:
  1. Javier J. Pérez & Rocío Prieto, 2014. "The structure of sub-natural public debt: Liquidity vs credit risk," Banco de Espa�a Working Papers 1403, Banco de Espa�a.

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