Michael Szkup

affiliation not provided to SSRN

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Scholarly Papers (1)

Doubling Down on Debt: Limited Liability as a Financial Friction

NBER Working Paper No. w27747
Number of pages: 71 Posted: 31 Aug 2020
Jesse Perla, Carolin E. Pflueger and Michael Szkup
University of British Columbia (UBC), University of Chicago - Harris School of Public Policy and affiliation not provided to SSRN
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Doubling Down on Debt: Limited Liability as a Financial Friction

CEPR Discussion Paper No. DP15238
Number of pages: 73 Posted: 12 Sep 2020
Jesse Perla, Carolin E. Pflueger and Michael Szkup
University of British Columbia (UBC), University of Chicago - Harris School of Public Policy and affiliation not provided to SSRN
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Debt overhang, equity payout restrictions, leverage, Overinvestment, underinvestment