Shareholder investment horizons and bank debt financing
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DOI: 10.1016/j.jbankfin.2019.105656
Abstract: Abstract This paper investigates the impact of institutional shareholder investment horizons on a firm's use of bank debt. We find that short-term institutional ownership of the borrowing firm has a negative effect on bank debt… read more here.
Keywords: investment horizons; debt financing; bank debt; debt ... See more keywords