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Our results therefore have important implications for the design of debt reduction policies.
We also show how agency costs can be reduced by the design of debt.
In this paper, we study how risk-shifting incentives and the design of debt covenants are affected by the pattern of temporal resolution of uncertainty (TRU) in the underlying technology of the firm.
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We show how competition in oligopolies, with the possibility of failure and exit of a levered incumbent, affects the ex-ante design of optimal debt contracts.
The Financial Tyranny we have today is a consciously designed system of debt enslavement that perpetually harvests the energy and substance of the people.
Rhode Island, $50 million of school of design debt securities.
In this paper we investigate whether the terms used in the design of a convertible debt issue act as a signal of the issuing firm's future growth prospects.
An alumnus of Yale, he became a noted investment banker, recognized for his expertise in the design, structure, and timing of debt and equity financings.
We provide evidence from 588 security offer announcements that supports the hypotheses that: (1) convertible debt can be designed to mitigate different combinations of debt- and equity-related costs of external finance and (2) share price reactions depend on the security design decisions.
In the holidays/early 2017, the board of Cake put together a rescue round that was structured in the form of debt and designed to give the startup more runway to try to achieve a trade sale.
But the agency's proposed outline is designed to prohibit a cycle of debt in which borrowers take out a single payday loan expecting to pay a one-time fee, but end up taking out several more loans when they are unable to make ends meet at the end of the loan period.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com