Underinvestment and the design of performance-sensitive debt
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- Liu, Bo & Xia, Xin & Yang, Jinqiang, 2017. "Financing constraints and the use of performance-sensitive debt," The North American Journal of Economics and Finance, Elsevier, vol. 40(C), pages 73-84.
More about this item
KeywordsPerformance-sensitive debt; Investment trigger; Underinvestment;
- G3 - Financial Economics - - Corporate Finance and Governance
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