Concepedia

Debt Seniority

Debt Seniority is a financial principle that categorizes debt instruments according to their legal priority in claims on a sovereign borrower’s assets and revenues, distinguishing them by the order in which they are repaid relative to other creditors in the event of default or restructuring.

47

Publications

4.1K

Citations

68

Authors

73

Institutions

Publications per year

2017–2026

7

Variants

Debt Priority

Parents

Publications

47

Seniority and maturity of debt contracts

Douglas W. Diamond · Journal of Financial Economics · 1993 · 685 citations

, , +12

Debt and Seniority: An Analysis of the Role of Hard Claims in Constraining Management

Oliver Hart, John Moore · National Bureau of Economic Research · 1994 · 430 citations · Full text

, , +13

Monitoring and Structure of Debt Contracts

Cheol Park · The Journal of Finance · 2000 · 395 citations

, , +16

Can the Trade-off Theory Explain Debt Structure?

Dirk Hackbarth, Christopher A. Hennessy, Hayne E. Leland · Review of Financial Studies · 2007 · 300 citations

, , +17

Why Is Bank Debt Senior? A Theory of Asymmetry and Claim Priority Based on Influence Costs

Ivo Welch · Review of Financial Studies · 1997 · 173 citations

, , +14

1–5 of 47

Authors

68

  1. PB
    Patrick Bolton

    Columbia University, United States

    4 publications · 237 citations

    4

    h-index

  2. OH
    Oliver Hart

    Harvard University, United States

    3 publications · 581 citations

    3

    h-index

  3. JM
    John Moore

    London School of Economics and Political Science, United Kingdom

    3 publications · 581 citations

    3

    h-index

  4. SC
    Satyajit Chatterjee

    Federal Reserve Bank of Philadelphia, United States

    2 publications · 52 citations

    2

    h-index

  5. EB
    Elazar Berkovitch

    University of Michigan, United States

    2 publications · 201 citations

    2

    h-index

1–5 of 68

Institutions

73

  1. National Bureau of Economic Research

    Cambridge, United States

    6 h-index

    8 publications

    704 citations

  2. European Corporate Governance Institute

    Brussels, Belgium

    4 h-index

    4 publications

    117 citations

  3. Columbia University

    New York, United States

    4 h-index

    6 publications

    428 citations

  4. London School of Economics and Political Science

    London, United Kingdom

    3 h-index

    3 publications

    522 citations

  5. Centre for Economic Policy Research

    London, United Kingdom

    3 h-index

    4 publications

    138 citations

  6. Yale University

    New Haven, United States

    2 h-index

    2 publications

    48 citations

  7. Wichita State University

    Wichita, United States

    2 h-index

    2 publications

    183 citations

  8. Federal Reserve Bank of Philadelphia

    Philadelphia, United States

    2 h-index

    4 publications

    104 citations

1–8 of 73

Venues

  1. SSRN Electronic Journal

    Repository · 10 publications · 240 citations

    10

    h-index

  2. Journal of Banking & Finance

    4 publications · 185 citations

    4

    h-index

  3. The Journal of Finance

    4 publications · 682 citations

    4

    h-index

  4. RePEc: Research Papers in Economics

    Repository · 3 publications · 94 citations

    3

    h-index

  5. Review of Financial Studies

    2 publications · 473 citations

    2

    h-index

1–5