{"id":"W2942896908","doi":"10.24135/afl.v8i0.112","title":"Does Debt Diversification lead to a Discount in Firm Value?","year":2019,"lang":"en","type":"article","venue":"Applied Finance Letters","topic":"Corporate Finance and Governance","field":"Business, Management and Accounting","cited_by":6,"is_retracted":false,"has_abstract":true,"ca_institutions":"St. Francis Xavier University","funders":"","keywords":"Diversification (marketing strategy); Debt; Equity value; Internal debt; Capital structure; Monetary economics; Enterprise value; Business; Recourse debt; Debt levels and flows; Debt-to-GDP ratio; Debt ratio; External debt; Economics; Financial economics; Value (mathematics); Finance; Marketing","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"metacan-v3-hybrid-931329e0061c","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.002933734,0.0002819626,0.0006777795,0.0006553137,0.0004865004,0.00334155,0.000746371,0.001849935,0.005567672],"category_scores_gemma":[0.02397989,0.0004075574,0.0007016473,0.0006195036,0.001989913,0.004525327,0.00147041,0.00253165,0.0003751749],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.001736673,"about_ca_system_score_gemma":0.000424666,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.002014348,"about_ca_topic_score_gemma":0.001866888,"domain_scores_codex":[0.9992445,0.000155963,0.00004904455,0.0002182737,0.0001469822,0.0001852412],"domain_scores_gemma":[0.9726679,0.01179127,0.01146272,0.001469629,0.0008656768,0.00174282],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"observational","study_design_gemma":"observational","study_design_scores_codex":[0.002580752,0.0007477376,0.4552508,0.0006628203,0.0008258315,0.003118398,0.002429553,0.03336949,0.01775406,0.3125932,0.00453912,0.1661282],"study_design_scores_gemma":[0.0002505177,0.0008904686,0.4420799,0.0003146242,0.0005600262,0.001970204,0.002706926,0.0435904,0.007546228,0.490661,0.009233395,0.0001961699],"study_design_candidate":"observational","study_design_consensus":"observational","genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9672743,0.003007985,0.006946408,0.003181444,0.00004799903,0.00003920609,0.0002823549,0.00004075249,0.01917959],"genre_scores_gemma":[0.9986048,0.0003716006,0.0001918267,0.0001199089,0.00003474562,0.000002571696,0.00002449484,0.000004807691,0.0006452314],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.005567672,"threshold_uncertainty_score":0.01862574,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.00765486190682783,"score_gpt":0.183226089973158,"score_spread":0.1755712280663302,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}