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债务期限结构理论综述 被引量:53

A Summarize on the Theory of Debt Maturity Structure
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摘要 企业的债务期限结构与企业价值是密切相关的。为此 ,一些经济学家对企业的债务期限结构进行了研究。本文在阅读这些文献的基础上 ,将债务期限结构理论划分为基于契约成本的理论、基于信息不对称的理论、基于税收的理论和基于期限匹配的理论四种 。
作者 袁卫秋
机构地区 南京财经大学
出处 《会计研究》 CSSCI 北大核心 2004年第10期9-13,共5页 Accounting Research
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参考文献15

  • 1Barclay M J and Smith C W. 1995. The Maturity Structure of Corporate Debt. Journal of Finance, 50:609-631.
  • 2Brick I E and Ravid S A. 1985. On the Relevance of Debt Maturity Structure. Journal of Finance, 40:1423 -1437.
  • 3Brick I E and Ravid S A. 1991. Interest Rate Uncertainty and the Optimal Debt Maturity Structure. Journal of Financial and Quantitative Analysis, 26:63 - 81.
  • 4Diamond D W. 1991. Debt Maturity Structure and Liquidity Risk. Quarterly Journal of Economics, 106:709-737.
  • 5Emery G W. 2001. Cyclical Demand and the Choice of Debt Maturity. Journal of Business, 74:557-590.
  • 6Flannery M J. 1986. Asymmetric Information and Risky Debt Maturity Choice. Journal of Finance, 41: 19 -37.
  • 7Jalilvand A and Harris R S. 1984. Corporate Behaviour in Adjusting to Capital Structure and Dividend Targets: An Econometric Study. Journal of Finance, 39:127 - 145.
  • 8Jensen Michael C. 1986. Agency Cost of Free Cash Flow, Corporate Finance and Takeovers. American Economic Review, 76:323 - 339.
  • 9Kale J R and Noe T H. 1990. Risky Debt Maturity Choice in a Sequential Equilibrium. Journal of Financial Research,13:155 - 165.
  • 10Kane A Marcus A J and McDonald R L. 1985. Debt Policy and the Rate of Return Premium to Leverage. Journal of Financial and Quantitative Analysis, 20:479 ~499.

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