the choice between public and private debt a survey
Neeley School of Business, Texas Christian University, Fort Worth, TX 76129, USA Received 10 May 2001; received in revised form 2 May 2002; … Despite the regulatory and theoretical interest in the distinction between public and private debt markets, empirical analysis of the choice between the two markets has traditionally received little attention in the literature. However, there is scarce literature on the choice of equity issues and debt issues. The link between public debt and economic growth could be driven by the fact that it is low economic growth that leads to high levels of debt (Reinhart et al., 2012). To begin with, the “customer” is not always obvious – there may be a range of parties with conflicting needs. In fact, management’s expected private gains decrease as initial private debt restrictions are selectively … A survey of 280 patients was conducted in four public and private hospitals’ EDs in Brisbane between May and August 2015. This article examines the relation between a borrowing firm's ownership structure and its choice of debt source using a novel data set on corporate ownership, control, and debt structures for 9,831 firms in 20 countries from 2001 to 2010. Hoshi, Kashyap, and Scharfstein: w4421 The Choice Between Public and Private Debt: An Analysis of Post-Deregulation Corporate Financing in Japan: Reinhart and Rogoff: w15639 Growth in a Time of Debt: Friedman: w0704 Debt and Economic Activity in the United States: Taylor: w18290 The Great Leveraging: Friedman: w2072 Increasing Indebtedness and Financial Stability in the United States Recently, empirical researchers have begun to look at this decision at the firm level. Previous survey studies of medical students indicate that amount of student debt influences choice of medical specialty.
This article examines the relation between a borrowing firm's ownership structure and its choice of debt source using a novel data set on corporate ownership, control, and debt structures for 9,831 firms in 20 countries from 2001 to 2010. Downloadable! Handle: RePEc:hit:hituec:a353 As for the choice of external financing sources, anumber of studies have focused on the choice of public debt (e.g., corporate bonds) vs. private debt (e.g., bank loans and nonbank loans ), as is detailed in Section 2. "R&D Expenditure and The Choice between Private and Public Debt --Do the Japanese Main Banks Extract the Firm's Rents?," Discussion Paper Series a353, Institute of Economic Research, Hitotsubashi University. Costly Public Disclosure and the Choice Between Private and Public Debt Dan S. Dhaliwal Department of Accounting Eller College of Business University of Arizona Tucson, AZ 85721-0108 Tel: (520) 621-4830, Fax: (520) 621-3742 Email: dhaliwal@eller.arizona.edu Inder K. Khurana School of Accountancy College of Business University of Missouri-Columbia Columbia, MO 65211 Tel: (573) …