Results 171 to 180 of about 1,378 (255)

Principles and Policy Recommendations for Comprehensive Genetic Data Governance. [PDF]

open access: yesProc AAAI ACM Conf AI Ethics Soc
Ramanan V   +4 more
europepmc   +1 more source

Control Overhang and Owner Financial Constraints: Evidence From Equity Issuance

open access: yesFinancial Management, EarlyView.
ABSTRACT Under the debt overhang problem, firms approaching distress issue too little equity because new capital primarily benefits creditors. We identify an additional mechanism—control overhang—that further suppresses equity issuance for firms with controlling owners. As distress risk rises, equity issuance discounts steepen, and each unit of capital
Jens Forssbæck   +2 more
wiley   +1 more source

CEO Self‐Regulation and the Cost of Equity Capital

open access: yesFinancial Review, EarlyView.
ABSTRACT We explore the association between CEO self‐regulation and the cost of equity capital by distinguishing between two dimensions of regulatory focus—promotion focus and prevention focus—based on Higgins' (1997) framework. A promotion focus prioritizes positive stimuli, accomplishment, and growth, while a prevention focus emphasizes negative ...
Ann Ling‐Ching Chan, Kyunghwa Yu
wiley   +1 more source

Religiosity and Debt Maturity: International Evidence

open access: yesFinancial Review, EarlyView.
ABSTRACT This paper examines the association between country‐level religiosity and corporate debt maturity. We develop competing predictions reflecting creditor‐ and borrower‐side channels through which religiosity may favor either shorter or longer maturity. Using 407,399 firm‐year observations from 56 countries and territories over 1996–2021, we find
Xingyu Chen   +4 more
wiley   +1 more source

A Quantile Model of Firm Investment

open access: yesInternational Economic Review, EarlyView.
ABSTRACT Are firms risk averse? We propose a dynamic model of firm investment under uncertainty that captures firms' risk attitudes through quantile preferences. The firm maximizes its present value, defined as current profits and investment plus the discounted value of the τ$\tau$‐quantile of its value next period.
Heitor Almeida   +3 more
wiley   +1 more source

Debt Aversion: Theory and Measurement

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We propose a model of debt aversion and conduct an experiment with real debt and saving contracts to jointly elicit debt aversion and preferences over time, risk, and intertemporal losses. We find that 89% of participants are debt averse, which strongly influences their choices.
David Albrecht, Thomas Meissner
wiley   +1 more source

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