Corporate pensions and the maturity structure of debt
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| Tag | 1 | 2 | Value |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20190019620 | ||
| 003 | MAP | ||
| 005 | 20190625125338.0 | ||
| 008 | 190624e20190603usa|||p |0|||b|eng d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a345 | ||
| 100 | 1 | $0MAPA20080014094$aLin, Yijia | |
| 245 | 0 | 0 | $aCorporate pensions and the maturity structure of debt$cYijia Lin, Sheen Liu, Jifeng Yu |
| 300 | $a36 p. | ||
| 520 | $aIn this article, we investigate the role of pension obligations, the most significant off-balance-sheet item, in determining corporate debt maturity and spreads.We begin by showing a significant and robust positive relationship between pension liabilities and corporate short-term debt ratio.We also find that more pension obligations cause a significant increase in the cost of debt, but this effect is mitigated by short-maturity debt. Overall, our study shows that short-term debt can reduce asymmetric information costs related to pensions. | ||
| 650 | 4 | $0MAPA20080591182$aGerencia de riesgos | |
| 650 | 4 | $0MAPA20080558970$aInversiones | |
| 650 | 4 | $0MAPA20080625979$aPlanes de pensiones de empresa | |
| 650 | 4 | $0MAPA20080588953$aAnálisis de riesgos | |
| 700 | 1 | $0MAPA20140001873$aLiu, Sheen | |
| 700 | 1 | $0MAPA20120016477$aYu, Jifeng | |
| 773 | 0 | $wMAP20077000727$tThe Journal of risk and insurance$dNueva York : The American Risk and Insurance Association, 1964-$x0022-4367$g03/06/2019 Volumen 86 Número 2 - junio 2019 , p. 315-350 |