Internet Appendix to “ Executive Compensation and the Maturity Structure of Corporate Debt ”

@inproceedings{2010InternetAT,
  title={Internet Appendix to “ Executive Compensation and the Maturity Structure of Corporate Debt ”},
  author={},
  year={2010}
}
  • Published 2010
Diamond (1991) also posits that firms with high leverage might prefer long-term debt to avoid suboptimal liquidation, thus predicting a positive relation between leverage (LEVERAGE) and debt maturity. Myers (1977) argues that agency costs between shareholders and bondholders can be reduced by matching the maturity of assets (ASSET_MAT) to the maturity of… CONTINUE READING