首页> 美国政府科技报告 >Asset Salability and Debt Maturity. Evidence from 19th Century American Railroads: FDIC Center for Financial Research Working Paper, No. 2005-14

【24h】

Asset Salability and Debt Maturity. Evidence from 19th Century American Railroads: FDIC Center for Financial Research Working Paper, No. 2005-14

机译：资产可用性和债务成熟度。来自19世纪美国铁路的证据：FDIC金融研究中心工作文件，第2005-14号

获取原文

页面导航

摘要
著录项
相似文献
相关主题

摘要

The author investigates the effect of assets liquidation values on capital structure by exploiting the diversity of track gauges in 19th century American railroads. The abundance of track gauges limited the redeployability of rolling stock and tracks to potential users with similar track gauge. Moreover, potential demand for both rolling stock and tracks was further diminished when many railroads went under equity receiverships. I find that the potential demand for a railroads rolling stock and tracks were significant determinants of debt maturity. There is no evidence that salability or industry-demand for assets were correlated with leverage.

著录项

作者
Benmelech, E.;
展开▼
作者单位

展开▼
年度 2005
页码 p.1-58
总页数 58
原文格式 PDF
正文语种 eng
中图分类工业技术;
关键词
Sales; Railroads; Capital structures; Data sources; Tables (Data); Empirical analysis; Measures;

机译：销售;铁路;资本结构;数据来源;表格（数据）;实证分析;措施;

相似文献

外文文献
中文文献

1. Asset Salability And Debt Maturity: Evidence From Nineteenth-century American Railroads [J] . Efraim Benmelech The review of financial studies . 2009,第4期

机译：资产可出售性和债务到期日：来自19世纪美国铁路的证据
2. Coupling instrumental and geological records of sea-level change: Evidence from southern New England of an increase in the rate of sea-level rise in the late 19th century - art. no. L05203 [J] . Donnelly JP., Cleary P., Newby P., Geophysical Research Letters . 2004,第5期

机译：海平面变化的仪器和地质记录的耦合：新英格兰南部的证据表明，在19世纪后期海平面上升的速度有所提高-艺术。没有。 L05203
3. The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century [J] . EFRAIM BENMELECH, TOBIAS J. MOSKOWITZ Journal of Finance . 2010,第3期

机译：金融监管的政治经济学：来自19世纪美国高利贷法的证据
4. The impact of childhood sickness on adult socioeconomic outcomes:Evidence from late 19th century America [O] . John Robert Warren, Laurie Knies, Steven Haas, -1

机译：儿童疾病对成人社会经济结果的影响：来自19世纪末美国的证据
5. Small money, big problems: how an investigation on small Latin American republics shaped the financial market for sovereign debt in the 19th century [O] . José Augusto Ribas Miranda 2017

机译：小额资金，大问题：对拉丁美洲小型共和国的调查如何塑造了19世纪主权债务的金融市场
6. Independence of Assets and Liabilities: Evidence from U.S. Commercial Banks, 1990-2005: FDIC Center for Financial Research Working Paper, No. 2008-05 [R] . DeYoung, R., Yom, C. 2008

机译：资产和负债的独立性：1990 - 2005年美国商业银行的证据：FDIC金融研究中心工作文件，第2008-05号

Asset Salability and Debt Maturity. Evidence from 19th Century American Railroads: FDIC Center for Financial Research Working Paper, No. 2005-14

摘要

著录项

相似文献

相关主题

期刊订阅