Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/84415
Authors: 
Alegre, María
Pernice, Sergio
Streb, Jorge M.
Year of Publication: 
2007
Series/Report no.: 
Serie Documentos de Trabajo, Universidad del CEMA: Área: economía y finanzas 345
Abstract: 
Conventional theory leads to expect bonds to be a financing vehicle for large firms because of economies of scale and contracting costs. In this paper we present the results for Argentina of a survey of firms and of investors on the use of corporate bonds. The result of these surveys supports the idea that for Argentine firms, bonds are a financing vehicle of choice only for firms above a certain (large) size. This is independent of the criteria used for firm size. This result is similar to results in other countries such as the United Sates.
Subjects: 
debt structure
leverage
short-term debt
corporate bonds
firm size
firm value
JEL: 
G3
E6
Document Type: 
Working Paper

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