The Choice between Public and Private Debt by Japanese Firms

• Arikawa Yasuhiro

抄録

type:Article

The purpose of this paper is to investigate the choice of corporate financing between public and private debt. Focusing on the drastic change of financing pattern during the period of financial liberalization from the mid 1980s to the mid 2000s, this paper examines what factors determine the demand for public and private debt. We find that the growth opportunity and default risk of the issuing firm are the main determinants of the debt choice in this period.

収録刊行物

• Journal of International Economic Studies

  Journal of International Economic Studies 22 19-30, 2008-03

  Institute of Comparative Economic Studies, Hosei University

詳細情報

• CRID: 1390009224827391232
• NII論文ID: 120000994054
• NII書誌ID: AA10459262
• ISSN: 09111247
• DOI: 10.15002/00003132
• Web Site: http://hdl.handle.net/10114/1671
• 本文言語コード: en
• データソース種別:
  • JaLC
  • IRDB
  • CiNii Articles
  • KAKEN