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Giulio Trigilia

Institution

University of Rochester, Simon School

PhD Year

2016

giulio.trigilia@simon.rochester.edu

FTG Membership

Member

Website

https://sites.google.com/view/giulio-trigilia/home

Featured Work

Jul 12, 2023

Kostas Koufopoulos (York), Giulio Trigilia | Working Paper No. 00106-00

Short-term debt overhang

We show that short-term debt in a firm’s optimal capital structure reduces investment under asymmetric information. Investors’ interpretation of underinvestment as a positive signal about the quality of the assets...