Details
NAME
Pavel Zryumov
INSTITUTION
University of Rochester
EMAIL
pavel.zryumov@simon.rochester.edu
WEBSITE
http://pzryumov.github.io/
Featured Work
2023
Short-term debt overhang
Jul 11,2023
We show that short-term debt in a firm’s optimal capital structure reduces investment under asymmetric information. Investors’ interpretation of underinvestment...