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Reason: Under embargo until March 2023. After this date a copy can be supplied under Section 51(2) of the Australian Copyright Act 1968 by submitting a document delivery request through your library
Essays on Debt Issuance and Debt Structure
thesis
posted on 2022-03-10, 11:27 authored by TAHER JAMILThis thesis consists of three chapters on empirical corporate finance. In chapter one, I examine how CEO overconfidence affects firms’ choice of debt issuance. I find that firms with overconfident CEOs issue more bank loans than public bonds. The second chapter examines the effect of organization capital on corporate debt structure. I find that firms with higher organization capital rely more on unsecured debt. In chapter three, I examine the primary bond market’s reaction to banks’ incentives and ability toward managing the expected loan default problem during COVID-19. I find that loan loss provisions capture banks’ precautionary behavior during the pandemic.
