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Debt Maturity and the Use of Interest Rate Derivatives by ~ Debt Maturity and the Use of Interest Rate Derivatives by Nonfinancial Firms George W Fenn Mitch Post Steven A Sharpe Capital Markets Section Federal Reserve Board

Debt Maturity and the Use of Interest Rate Derivatives by ~ We develop and test a simple model of a firms optimal debt maturity and its demand for interest rate swaps using 1994 data of over 4000 nonfinancial corporations As in other models of derivative use ours predicts a systematic relationship between a firms swap position and the interestsensitivity of its cash flow

Debt Maturity and the Use of Interest Rate Derivatives by ~ Debt Maturity and the Use of Interest Rate Derivatives by Nonfinancial Firms Article PDF Available · June 1999 with 28 Reads How we measure reads

Debt maturity and the use of interest rate derivatives by ~ Debt maturity and the use of interest rate derivatives by nonfinancial firms of a firms optimal debt maturity and its demand for interest rate swaps using 1994 data of over 4000

Debt maturity and the use of interest rate derivatives by ~ Downloadable We develop and test a simple model of a firms optimal debt maturity and its demand for interest rate swaps using 1994 data of over 4000 nonfinancial corporations As in other models of derivative use ours predicts a systematic relationship between a firms swap position and the interestsensitivity of its cash flow We test this by estimating the crosssectional relationship

Debt Maturity and the Use of Interest Rate Derivatives by ~ CiteSeerX Document Details Isaac Councill Lee Giles Pradeep Teregowda We develop and test a simple model of a firms optimal debt maturity and its demand for interest rate swaps using 1994 data of over 4000 nonfinancial corporations As in other models of derivative use ours predicts a systematic relationship between a firms swap position and the interestsensitivity of its cash flow

Debt Maturity and the Use of Interest Rate Derivatives by ~ CiteSeerX Document Details Isaac Councill Lee Giles Pradeep Teregowda this paper we develop a structural empirical model broadly consistent with the existing body of theory on derivative use of how firms ought to use interest rate derivatives in conjunction with their debt maturity structure to minimize capital costs while managing interest rate risk

Debt Maturity and the Use of Interest Rate Derivatives by ~ We develop and test a simple model of a firmaposs optimal debt maturity and its demand for interest rate swaps using 1994 data of over 4000 nonfinancial corporations As in other models of derivative use ours predicts a systematic relationship between a firmaposs swap position and the interestsensitivity of its cash flow

The Relation Between Interest Rate Derivatives Debt ~ The purpose of this study is to investigate the relation between interest rate derivatives interest rate exposure and debt maturity structure in a sample of lodging firms from 2000 to 2004 Lodging firms face greater exposure from their debt liabilities compared with exposure from their operating cash flows

Do Nonfinancial Firms Use Interest Rate Derivatives to ~ Larger firms also tend to limit their interest rate exposures but they do so through their choice of debt structure rather than with derivatives On the other hand we find that a large fraction of the change in derivative positions over time cannot be explained by changes in debt structure