BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Memento EPFL//
BEGIN:VEVENT
SUMMARY:Debt Maturity and Lumpy Debt
DTSTART:20160308T120000
DTEND:20160308T130000
DTSTAMP:20260408T105517Z
UID:c3b98a012a35a291236c5542ac785c6fd0df0747e593f170ff7eebdf
CATEGORIES:Conferences - Seminars
DESCRIPTION:Thomas GEELEN (PhD Student\, SFI@EPFL)\nI develop a dynamic ca
 pital structure model in which shareholders determine a firm’s leverage 
 ratio\, debt maturity\, and default strategy. In my model\, the firm’s d
 ebt matures all at once. Therefore\, after repaying the principal sharehol
 ders own all the firm’s cash flows and can pick a new capital structure.
  The possibility to alter the capital structure at maturity gives sharehol
 ders the incentive to issue finite maturity debt and allows me to study fi
 rms’ joint choice of leverage and debt maturity. I also extend my model 
 by allowing for time-varying capital supply to study time-variation in fir
 ms’ joint choice of leverage and debt maturity.
LOCATION:UNIL\, Extranef\, room 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
END:VEVENT
END:VCALENDAR