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Finance / Macroeconomics / Capital structure / Investment / Debt overhang / Cost of capital / Net present value / Debt / Bankruptcy costs of debt / Corporate finance / Financial economics / Economics


Macroeconomic Risk and Debt Overhang∗ Hui Chen† Gustavo Manso‡ July 30, 2010
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Document Date: 2010-08-12 16:06:01


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University of Lausanne / University of Minnesota / Boston University / /

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marginal utilities / high marginal utilities / large bank / corporate finance / finance / /

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Federal Reserve Bank of Boston / School of Management / Boston University / University of Lausanne / University of Minnesota / MIT / NBER / /

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Chris Parsons / Bob Goldstein / David Mauer / Gustavo Manso / Michael Roberts / Antoinette Schoar / Santiago Bazdresch / Ivo Welch / /

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manager / /

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banks / /

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Minnesota / /

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