Corporate pensions and the maturity structure of debt

Imagen del registro
Registro MARC
Tag12Valor
LDR  00000cab a2200000 4500
001  MAP20190019620
003  MAP
005  20190625125338.0
008  190624e20190603usa|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎345
1001 ‎$0‎MAPA20080014094‎$a‎Lin, Yijia
24500‎$a‎Corporate pensions and the maturity structure of debt‎$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
7001 ‎$0‎MAPA20140001873‎$a‎Liu, Sheen
7001 ‎$0‎MAPA20120016477‎$a‎Yu, Jifeng
7730 ‎$w‎MAP20077000727‎$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