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Bank Debt, Flexibility, and the Use of Proceeds from Asset Sales

✍ Scribed by C. Edward Fee, Joshua R. Pierce, Hoontaek Seo, Shan Yan


Book ID
120966027
Publisher
Springer
Year
2013
Tongue
English
Weight
253 KB
Volume
46
Category
Article
ISSN
0920-8550

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Asset specificity, unionization and the
✍ Joseph K. Cavanaugh; John Garen πŸ“‚ Article πŸ“… 1997 πŸ› John Wiley and Sons 🌐 English βš– 134 KB

This paper considers the combined influence of asset specificity and unionization on the firm's use of debt. While previous literature tends to examine these effects separately, we find that the interaction of the two is critical. Thus, while asset specificity may reduce debt as in , the presence of