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The result goes beyond a wealth transfer and has real investment implications approximately of the debt issuance funds increased capital expenditures and cash acquisitions. In the cross section misvaluation affects financially constrained firms the most supporting the theoretical prediction that debt overvaluation loosens financial constraints. Paper Information Full Working Paper Text pdf Working Paper Publication Date April HBS Working Paper Number Faculty Unit s Finance TRENDING FEB HBS CASE BEYOND GOALS DAVID BECKHAM S PLAYBOOK FOR MOBILIZING STAR TALENT JAN OP.
ED WHY BOEING’S PROBLEMS WITH THE MAX BEGAN MORE THAN YEARS AGO FEB RESEARCH IDEAS HOW GENDER STEREOTYPES KILL A WOMAN’S SELF CONFIDENCE MAR WHAT DO YOU THINK DO PEOPLE WANT TO WORK ANYMORE FEB RESEARCH IDEAS HOW Chinese Overseas America Number Data TO MAKE AI FORGET FIND RELATED ARTICLES Economics Finance Financial Services Banking SIGN UP FOR OUR WEEKLY NEWSLETTER Interested in improving your business Learn about fresh research and ideas from Harvard Business School faculty. Email Address SUBMIT This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Campus Map Harvard Business School Working Knowledge Baker Library Bloomberg Center Soldiers Field Boston MA Email Editor in Chief.

Map Directions →More Contact Information Make a Gift Site Map Jobs Harvard University Trademarks Policies Accessibility Digital Accessibility Copyright © President Fellows of Harvard College APR RESEARCH IDEAS To Pay or Not to Pay Argentina and the International Debt Market by Laura Alfaro Argentina s escalating financial crisis seems rocketing toward disaster. The fix Finance Professor Laura Alfaro who served as Minister of National Planning and Economic Policy in Costa Rica recommends a radical solution sure to anger banks and fund managers absolute sovereign immunity Editor s note.
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