Is Short-Term Debt a Substitute or a Complement to Good Governance?
Short-term debt exposes firms to credit supply shocks and liquidity risk. Short-term debt can also reduce potential agency conflicts between managers and shareholders by exposing managers to more frequent monitoring by the market. This paper examin...
| Main Authors: | , , , |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/700321569414144805/Is-Short-Term-Debt-a-Substitute-or-a-Complement-to-Good-Governance http://hdl.handle.net/10986/32451 |