“Hot” Debt Markets and Capital Structure
(2011)
Journal Article
Doukas, J., Guo, M., & Zhou, B. (2011). “Hot” Debt Markets and Capital Structure. European Financial Management, 17(1), 46-99. https://doi.org/10.1111/j.1468-036x.2010.00549.x
This paper examines the motives of debt issuance during hot-debt market periods and its impact on capital structure over the period 1970–2006. We find that perceived capital market conditions as favourable, an indication of market timing, and adverse... Read More about “Hot” Debt Markets and Capital Structure.