Zobrazeno 1 - 10
of 1 243
pro vyhledávání: '"Recourse debt"'
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
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e0b058adda8081eace52547c91303e32
https://doi.org/10.1016/j.jfineco.2021.05.048
https://doi.org/10.1016/j.jfineco.2021.05.048
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
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::dd727d43a702e73c1b7f630c57645bbe
https://doi.org/10.1016/j.red.2020.10.005
https://doi.org/10.1016/j.red.2020.10.005
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...
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4a3ab1ee8da49875b4dcff0b58d91184
https://doi.org/10.1080/09720510.2021.1884382
https://doi.org/10.1080/09720510.2021.1884382
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
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::62ecb7ce9b5e444af523ffc0e147a6cf
https://doi.org/10.1016/j.jmoneco.2020.05.002
https://doi.org/10.1016/j.jmoneco.2020.05.002
Autor:
Michael Kisser, B. Espen Eckbo
Publikováno v:
Review of Finance. 25:275-324
We test whether high-frequency net-debt issuers (HFIs)—public industrial companies with relatively low issuance costs and high debt-financing benefits—manage leverage toward long-run targets. Our answer is they do not: (1) the leverage–profitab
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::38e3b1c544432231cca55d6c43de581b
https://doi.org/10.1093/rof/rfaa018
https://doi.org/10.1093/rof/rfaa018
Autor:
Linda Allen, Mariya Letdin
Publikováno v:
Journal of Real Estate Research. 42:239-260
Established, low-leverage equity REITs with access to the public debt market rely on both non-recourse mortgages and full recourse bonds/notes as sources of long-term debt. Interest rates on secure...
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6a6a910d45e6a4b8be4e8a2adff103fb
https://doi.org/10.1080/08965803.2020.1822130
https://doi.org/10.1080/08965803.2020.1822130
Autor:
O.I. Panchenko
Publikováno v:
Juridical scientific and electronic journal. :124-127
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::23e14d5b98728bba35802a928b0c2cad
https://doi.org/10.32782/2524-0374/2020-8/30
https://doi.org/10.32782/2524-0374/2020-8/30
Publikováno v:
EURASIAN LAW JOURNAL. 4:137-139
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::24c2401ee04559a080ecc0b361b2d629
https://doi.org/10.46320/2073-4506-2021-4-155-137-139
https://doi.org/10.46320/2073-4506-2021-4-155-137-139
Autor:
Russell Cooper, Antoine Camous
Publikováno v:
American Economic Journal: Macroeconomics. 11:38-81
The valuation of government debt is subject to strategic uncertainty. Pessimistic lenders, fearing default, bid down the price of debt, leaving a government with a higher debt burden. This increases the likelihood of default, thus confirming the pess
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a497f0043933317c4352584e2514cc5d
https://doi.org/10.1257/mac.20170167
https://doi.org/10.1257/mac.20170167
Publikováno v:
Journal of Financial Economics. 133:337-356
We empirically investigate the impact of government debt on corporate financing decisions in an international setting. We show a negative relation between government debt and corporate leverage using data on 40 countries between 1990–2014. This neg
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0e4e88b7977f3985288d34ce316fe4ae
https://doi.org/10.1016/j.jfineco.2019.03.009
https://doi.org/10.1016/j.jfineco.2019.03.009