Zobrazeno 1 - 10
of 22
pro vyhledávání: '"Stefan Hirth"'
Publikováno v:
Hilpert, C, Hirth, S & Szimayer, A 2022, ' The Information Value of Distress ', Management Science . https://doi.org/10.1287/mnsc.2022.4632
We propose a novel framework for investigating learning dynamics on the debt market. Observing a firm’s survival of apparently distressed periods, the market eliminates asset value estimates that are too low to be consistent with the observed survi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::71a54df89f8ff16d2d5e469f46118c62
https://pure.au.dk/portal/da/publications/the-information-value-of-distress(4b452091-9b17-4baf-8dcb-f3615be4ebbf).html
https://pure.au.dk/portal/da/publications/the-information-value-of-distress(4b452091-9b17-4baf-8dcb-f3615be4ebbf).html
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f69f89604920ab51443c419f91e28514
https://doi.org/10.2139/ssrn.4280446
https://doi.org/10.2139/ssrn.4280446
Autor:
Narmin Nahidi, Stefan Hirth
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::98db0675494d502f2b2632f2b5bbb868
https://doi.org/10.2139/ssrn.3981459
https://doi.org/10.2139/ssrn.3981459
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b7b7fbff6386ac90f64d59b3ed855bc9
https://doi.org/10.2139/ssrn.3981463
https://doi.org/10.2139/ssrn.3981463
Autor:
Stefan Hirth, Timo Markert
Der Erfolg von Unternehmen wird durch eine Vielzahl an Einflussfaktoren bestimmt. Digitale Transformation, Strukturwandel und geopolitische Verwerfungen in der VUCA-Welt treffen im Unternehmen auf vier verschiedene Generationen mit ihren Erwartungen
Publikováno v:
SSRN Electronic Journal.
We propose a novel framework for investigating learning dynamics on a competitive debt market. Observing a firm’s survival of apparently distressed periods, the market eliminates asset value estimates that are too low to be consistent with the obse
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::17ddf02b9458a2be1c1ccb65f7f414d2
https://doi.org/10.2139/ssrn.2986850
https://doi.org/10.2139/ssrn.2986850
Autor:
Saskia Clausen, Stefan Hirth
Publikováno v:
Clausen, S & Hirth, S 2016, ' Measuring the value of intangibles ', Journal of Corporate Finance, vol. 40, pp. 110-127 . https://doi.org/10.1016/j.jcorpfin.2016.07.012
We propose a new earnings-based measure for the value of intangibles. To validate this measure, we compare it to commonly used proxies for intangible intensity, such as R&D expenses. While R&D expenses measure the investment in new intangibles, our n
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b7b0ba9569ee7070627537abc7cbb3d4
https://portal.findresearcher.sdu.dk/da/publications/5a6b33c3-274b-4f32-8d57-3b161f1abd69
https://portal.findresearcher.sdu.dk/da/publications/5a6b33c3-274b-4f32-8d57-3b161f1abd69
Autor:
Stefan Hirth, Marliese Uhrig-Homburg
Publikováno v:
Journal of Business Finance & Accounting. 37:929-949
This paper analyzes the investment timing of firms facing two dimensions of financing constraints: Liquidity constraints and capital market frictions inducing financing costs. We show that liquidity constraints are not sufficient to explain voluntary
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::96d062721e5d3acc19bb3986bf954de7
https://doi.org/10.1111/j.1468-5957.2010.02206.x
https://doi.org/10.1111/j.1468-5957.2010.02206.x
Autor:
Stefan Hirth
Publikováno v:
Hirth, S 2014, ' Credit rating dynamics and competition ', Journal of Banking & Finance, vol. 49, pp. 100-112 . https://doi.org/10.1016/j.jbankfin.2014.08.011
I analyze the market for credit ratings with competition between more than two rating agencies. How can honest rating behavior be achieved, and under which conditions can a new honest rating agency successfully invade a market with inflating incumben
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2d32d0863e9ceb939be451e1842fffe5
https://pure.au.dk/portal/da/publications/credit-rating-dynamics-and-competition(4db3aba9-33ee-4583-a367-fd29efba4342).html
https://pure.au.dk/portal/da/publications/credit-rating-dynamics-and-competition(4db3aba9-33ee-4583-a367-fd29efba4342).html
Autor:
Stefan Hirth, Christian Riis Flor
Publikováno v:
Flor, C R & Hirth, S 2013, ' Asset liquidity, corporate investment, and endogenous financing costs ', Journal of Banking & Finance, vol. 37, no. 2, pp. 474-489 . https://doi.org/10.1016/j.jbankfin.2012.09.014
University of Southern Denmark
Flor, C R & Hirth, S 2010, ' Asset Liquidity, Corporate Investment, and Endogenous Financing Costs ', Paper presented at 17th annual meeting of German Finance Association, Hamburg, Germany, 08/10/2010-09/10/2010 .
University of Southern Denmark
Flor, C R & Hirth, S 2010, ' Asset Liquidity, Corporate Investment, and Endogenous Financing Costs ', Paper presented at 17th annual meeting of German Finance Association, Hamburg, Germany, 08/10/2010-09/10/2010 .
We analyze how the liquidity of real and financial assets affects corporate investment. The trade-off between liquidation costs and underinvestment costs implies that low-liquidity firms exhibit negative investment sensitivities to liquid funds, wher
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::cd01961fe032d3dd249cd2860bfeb463
https://pure.au.dk/portal/da/publications/asset-liquidity-corporate-investment-and-endogenous-financing-costs(8e477b9f-e236-4fd2-927a-575da50a9e10).html
https://pure.au.dk/portal/da/publications/asset-liquidity-corporate-investment-and-endogenous-financing-costs(8e477b9f-e236-4fd2-927a-575da50a9e10).html