• Tradeoff Theory and Leverage Dynamics of High-Frequency Debt Issuers 

      Eckbo, B. Espen; Kisser, Michael (Journal article; Peer reviewed, 2020)
      We test whether high-frequency net-debt issuers (HFIs)—public industrial companies with relatively low issuance costs and high debt-financing benefits—manage leverage toward long-run targets. Our answer is they do not: (1) ...