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Description
The purpose of this paper is to investigate the choice of corporate financing between public and private debt. Focusing on the drastic change of financing pattern during the period of financial liberalization from the mid 1980s to the mid 2000s, this paper examines what factors determine the demand for public and private debt. We find that the growth opportunity and default risk of the issuing firm are the main determinants of the debt choice in this period.
Journal
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- Journal of International Economic Studies
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Journal of International Economic Studies 22 19-30, 2008-03
Institute of Comparative Economic Studies, Hosei University
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Details 詳細情報について
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- CRID
- 1390009224827391232
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- NII Article ID
- 120000994054
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- NII Book ID
- AA10459262
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- HANDLE
- 10114/1671
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- ISSN
- 09111247
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- Text Lang
- en
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- Data Source
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- JaLC
- IRDB
- CiNii Articles
- KAKEN
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- Abstract License Flag
- Allowed