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Can Local Long-term Institutional Ownership
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... top10 local shareholders as informed owners with large stakes are subject to great underdiversification risks (Leland and Pyle, 1977). Top10LIO thus provides a convincing signal to lenders. Whereas the local institutional ownership possesses information that entails either improved due diligence or ...
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Debt

A debt generally refers to something owed by one party, the borrower or debtor, to a second party, the lender or creditor. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. The term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.
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