Firm Disclosure Policy and the Choice Between Private and Public Debt

Authors


  • Accepted by Michael Welker. We thank Michael Welker (associate editor), two anonymous reviewers, Chris Barry, Jere Francis, Sun Kim, Mark Lang, Vassil Mihov, Ken Shaw, Terry Shevlin, Robert Trezevant, and workshop participants at Boston University/Charles River Associates, Columbia University, University of Kansas, MIT, New York University, University of Missouri-Columbia, University of North Carolina, University of North Texas, Texas Christian University, University of Texas at Austin, and Wharton for helpful comments. We also thank Shawn X. Huang and Xiumin Martin for excellent research assistance.

Ancillary