Evaluating Debt Repurchases: What Are the Alternatives to Investment?
A general model of debt repurchases is built which reconciles most points raised in the literature on buybacks. The inclusion of assets alternative to domestic investment is shown to be of crucial importance in the analysis and leads to the reversal of some previous results. It is shown that investm...
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| Format: | workingPaper |
| Language: | eng |
| Published: |
2019
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| Online Access: | http://hdl.handle.net/10362/88060 |
| Country: | Portugal |
| Oai: | oai:run.unl.pt:10362/88060 |