Zobrazeno 1 - 10
of 3 956
pro vyhledávání: '"Debt levels and flows"'
Autor:
Vichet Sum
This study examines the extent to which long-term private sector external debt impacts stock market return across 26 emerging and frontier markets. The results indicate a statistically significant, positive relationship (r = 0.527, p< 0.01) between t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3396526ab5d3ed4caa1892ae168eece2
Autor:
Tom Aabo
Publikováno v:
Aarhus University
Aabo, T 2006, ' The Importance of Corporate Foreign Debt in Managing Exchange Rate Exposure in Non-Financial Companies ', European Financial Management, vol. 12, no. 4, pp. 633-649 .
Aabo, T 2006, ' The Importance of Corporate Foreign Debt in Managing Exchange Rate Exposure in Non-Financial Companies ', European Financial Management, vol. 12, no. 4, pp. 633-649 .
Udgivelsesdato: SEP This empirical study of the exchange rate exposure management of Danish non-financial firms listed on the Copenhagen Stock Exchange shows that debt denominated in foreign currency (foreign debt) is a very important alternative to
Autor:
Mark Carey, Michael B. Gordy
Publikováno v:
Journal of Financial Economics. 142:1092-1108
We offer a model and evidence that private debtholders play a key role in setting the endogenous asset value threshold below which corporations declare bankruptcy. The model, in the spirit of Black and Cox (1976), implies that the recovery rate at em
Autor:
Joachim Jungherr, Immo Schott
Publikováno v:
Review of Economic Dynamics. 42:110-132
We introduce long-term debt and a maturity choice into a dynamic model of production, firm financing, and costly default. Long-term debt saves roll-over costs but increases future leverage and default rates because of a commitment problem. The model
Publikováno v:
Journal of Financial Economics. 141:881-895
We provide direct evidence that governments selectively default on debt when they can identify creditors. Analyzing a comprehensive data set of subnational debt, we show that Chinese local governments choose to default on banks with weaker political
Autor:
Hongxing Tu
Publikováno v:
Journal of Statistics and Management Systems. 24:865-872
Debt operating has dual characters, it could bring along both financial lever income and financial loss to the enterprises because of the financial leverage. Too low debt lever will lose the income...
Autor:
Yan Ji
Publikováno v:
Journal of Monetary Economics. 117:741-759
A dynamic equilibrium model of schooling, borrowing, and job search is developed to quantify the aggregate implications of student loans. In my model, risk-averse agents under debt tend to search less and end up with lower-paid jobs. Calibrating the
Autor:
Mikkel Krause Frantzen
Publikováno v:
Third Text. 34:393-414
In October 2016, the Fiscal Monitor of the IMF issued a report which stated that the global debt ‘is currently at an all-time high’. Both before and after the crisis of 2007–2008, the levels of deb...
Publikováno v:
The Journal of Finance. 75:1287-1325
This paper documents a previously unrecognized debt-related investment distortion. Using detailed project-level data for 69 firms in the oil and gas industry, we find that highly levered firms pull forward investment, completing projects early at the
Publikováno v:
Modern Economy. 11:2101-2121
This paper highlights the prospect of a Covid-19 led upsurge in the government debt-GDP ratio of 19 countries in the G-20 group. Many of these countries have Fiscal Responsibility Legislations (FRLs) where government debt-GDP ratios have been tar-get