Gatton College of Business and Economics
550 S. Limestone
Lexington, KY 40526
University of Kentucky
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Credit ratings, Sovereign bonds, Sovereign ceiling, Cost of capital, Investment, Capital structure
Liquidity, Cash, Financial Constraints, Financial Crisis
Municipal bonds, Credit ratings, Local demand, Government employment, Private employment, Income
This is a CEPR Discussion Paper. CEPR charges a fee of $5.00 for this paper.
File name: DP11811.
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Credit ratings, Government Employment, Income, Local Economy, Municipal Bonds, Private Employment, Public Finance
Cash Holdings, Merger and Acquisitions, Share Repurchase, Agency
expected stock returns, optimal capital structure
Cash Holdings, Payout, Precautionary Motive, Free Cash Problem, Disciplinary Effects of Debt
Managerial style, CEO turnover, CEO fixed effects, financing decisions, investment decisions, corporate policy
Elections, Credit Ratings, Financial Constraints, Municipal Bonds, Government Spending, Economic Conditions
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