{"product_id":"short-term-financing-practice-of-mining-companies-von-jose-mwania-wakosia","title":"Short-term financing practice of mining companies","description":"\u003cp\u003eUsing data from Gécamines' partner mining firms, we found that the financial attribute components of financial strength and financial flexibility have an impact on firms' use of short-term debt. Firms with high financial strength use short-term debt while firms with high financial flexibility may not use short-term debt. The study of the determinants of short-term debt has become a hot topic in the financial literature in recent years. We found interesting results about the relationship between the firm's financial strength and short-term debt. Indeed, the firm opts for short-term debt when it has a strong financial strength. The significant results allow us to conclude that short-term debt helps to solve agency problems in mining firms. These results are mainly related to the growth option.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9786205059425\"\u003e\u003ch3\u003ePartners of gecamines\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9786205059425","offer_id":40397273694301,"sku":"9786205059425","price":43.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/d33cce3d-465b-40d0-bc32-6e58878ba569.png?v=1758262763","url":"https:\/\/shop.autorenwelt.de\/products\/short-term-financing-practice-of-mining-companies-von-jose-mwania-wakosia","provider":"Autorenwelt Shop","version":"1.0","type":"link"}