{"record_type":"pith_number_record","schema_url":"https://pith.science/schemas/pith-number/v1.json","pith_number":"pith:2012:Y37NWFERVJ2ER6GAM2LLMWZUYU","short_pith_number":"pith:Y37NWFER","schema_version":"1.0","canonical_sha256":"c6fedb1491aa7448f8c06696b65b34c50b72be1a5a8c708c99acd50ca4e4b7a1","source":{"kind":"arxiv","id":"1209.3513","version":3},"attestation_state":"computed","paper":{"title":"Funding Liquidity, Debt Tenor Structure, and Creditor's Belief: An Exogenous Dynamic Debt Run Model","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"q-fin.RM","authors_text":"Eva L\\\"utkebohmert, Gechun Liang, Wei Wei","submitted_at":"2012-09-16T18:58:02Z","abstract_excerpt":"We propose a unified structural credit risk model incorporating both insolvency and illiquidity risks, in order to investigate how a firm's default probability depends on the liquidity risk associated with its financing structure. We assume the firm finances its risky assets by mainly issuing short- and long-term debt. Short-term debt can have either a discrete or a more realistic staggered tenor structure. At rollover dates of short-term debt, creditors face a dynamic coordination problem. We show that a unique threshold strategy (i.e., a debt run barrier) exists for short-term creditors to d"},"verification_status":{"content_addressed":true,"pith_receipt":true,"author_attested":false,"weak_author_claims":0,"strong_author_claims":0,"externally_anchored":false,"storage_verified":false,"citation_signatures":0,"replication_records":0,"graph_snapshot":true,"references_resolved":false,"formal_links_present":false},"canonical_record":{"source":{"id":"1209.3513","kind":"arxiv","version":3},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.RM","submitted_at":"2012-09-16T18:58:02Z","cross_cats_sorted":[],"title_canon_sha256":"d21ad38ed2ccd3d950e8ff587d4140638b9d5683e0ffce00b88f0ccd8bfe1348","abstract_canon_sha256":"8216cc8b68d4a1e15096b625fc47a7eccbfbd665a8f07003b29d100d8ace2b2b"},"schema_version":"1.0"},"receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T02:20:00.582791Z","signature_b64":"JCru90zaULYgHE2xV3cQhZK1msVPJAcO8lwvOBNH2D9+ZgiknuqpbkpYK4jkcm6dG49eCtyr4jDvF/zdda0LBQ==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"c6fedb1491aa7448f8c06696b65b34c50b72be1a5a8c708c99acd50ca4e4b7a1","last_reissued_at":"2026-05-18T02:20:00.582092Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T02:20:00.582092Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"graph_snapshot":{"paper":{"title":"Funding Liquidity, Debt Tenor Structure, and Creditor's Belief: An Exogenous Dynamic Debt Run Model","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"q-fin.RM","authors_text":"Eva L\\\"utkebohmert, Gechun Liang, Wei Wei","submitted_at":"2012-09-16T18:58:02Z","abstract_excerpt":"We propose a unified structural credit risk model incorporating both insolvency and illiquidity risks, in order to investigate how a firm's default probability depends on the liquidity risk associated with its financing structure. We assume the firm finances its risky assets by mainly issuing short- and long-term debt. Short-term debt can have either a discrete or a more realistic staggered tenor structure. At rollover dates of short-term debt, creditors face a dynamic coordination problem. We show that a unique threshold strategy (i.e., a debt run barrier) exists for short-term creditors to d"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1209.3513","kind":"arxiv","version":3},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"aliases":[{"alias_kind":"arxiv","alias_value":"1209.3513","created_at":"2026-05-18T02:20:00.582208+00:00"},{"alias_kind":"arxiv_version","alias_value":"1209.3513v3","created_at":"2026-05-18T02:20:00.582208+00:00"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1209.3513","created_at":"2026-05-18T02:20:00.582208+00:00"},{"alias_kind":"pith_short_12","alias_value":"Y37NWFERVJ2E","created_at":"2026-05-18T12:27:27.928770+00:00"},{"alias_kind":"pith_short_16","alias_value":"Y37NWFERVJ2ER6GA","created_at":"2026-05-18T12:27:27.928770+00:00"},{"alias_kind":"pith_short_8","alias_value":"Y37NWFER","created_at":"2026-05-18T12:27:27.928770+00:00"}],"events":[],"event_summary":{},"paper_claims":[],"inbound_citations":{"count":0,"internal_anchor_count":0,"sample":[]},"formal_canon":{"evidence_count":0,"sample":[],"anchors":[]},"links":{"html":"https://pith.science/pith/Y37NWFERVJ2ER6GAM2LLMWZUYU","json":"https://pith.science/pith/Y37NWFERVJ2ER6GAM2LLMWZUYU.json","graph_json":"https://pith.science/api/pith-number/Y37NWFERVJ2ER6GAM2LLMWZUYU/graph.json","events_json":"https://pith.science/api/pith-number/Y37NWFERVJ2ER6GAM2LLMWZUYU/events.json","paper":"https://pith.science/paper/Y37NWFER"},"agent_actions":{"view_html":"https://pith.science/pith/Y37NWFERVJ2ER6GAM2LLMWZUYU","download_json":"https://pith.science/pith/Y37NWFERVJ2ER6GAM2LLMWZUYU.json","view_paper":"https://pith.science/paper/Y37NWFER","resolve_alias":"https://pith.science/api/pith-number/resolve?arxiv=1209.3513&json=true","fetch_graph":"https://pith.science/api/pith-number/Y37NWFERVJ2ER6GAM2LLMWZUYU/graph.json","fetch_events":"https://pith.science/api/pith-number/Y37NWFERVJ2ER6GAM2LLMWZUYU/events.json","actions":{"anchor_timestamp":"https://pith.science/pith/Y37NWFERVJ2ER6GAM2LLMWZUYU/action/timestamp_anchor","attest_storage":"https://pith.science/pith/Y37NWFERVJ2ER6GAM2LLMWZUYU/action/storage_attestation","attest_author":"https://pith.science/pith/Y37NWFERVJ2ER6GAM2LLMWZUYU/action/author_attestation","sign_citation":"https://pith.science/pith/Y37NWFERVJ2ER6GAM2LLMWZUYU/action/citation_signature","submit_replication":"https://pith.science/pith/Y37NWFERVJ2ER6GAM2LLMWZUYU/action/replication_record"}},"created_at":"2026-05-18T02:20:00.582208+00:00","updated_at":"2026-05-18T02:20:00.582208+00:00"}