Results 11 to 20 of about 23,191 (266)

Competition and the Cost of Debt [PDF]

open access: yesSSRN Electronic Journal, 2011
This paper empirically investigates how the intensity of product market competition affects the cost of debt. Using a large sample of loans to publicly traded US manufacturing rms, I provide evidence that an intensication of product market competition among firms signicantly increases the cost of bank loans.
openaire   +7 more sources

DEVELOPMENT AND EVALUATION OF MEASURES TO REDUCE COSTS OF REGIONAL LOANS SERVICING

open access: yesSovremennye Issledovaniâ Socialʹnyh Problem, 2014
The paper discusses major problems of current concern connected with controlling direct obligations of Russian regions (the model of debt servicing cost parameter optimization has been worked out), and their key solutions.
Pavel Arkadyevitch Galanskiy
doaj   +1 more source

The Effect of Earnings Volatility on Borrowers' Cost of Debt: Evidence from Indonesia

open access: yesMedia Ekonomi dan Manajemen, 2020
This study aimed to examine the effect of earnings volatility on borrowers cost of debt. In addition, this study also analyzes the difference effect of earnings volatility on borrowers cost of debt for different industries. Samples were selected by using
Goldia Liku Sirupang Pongrangga   +1 more
doaj   +1 more source

Alcune considerazioni su debito e disuguaglianza (Some notes on debt and inequality)

open access: yesMoneta e Credito, 2019
Il rapporto fra tasso di interesse reale e tasso di crescita dell’economia è diventato centrale nel dibattito su due temi macroeconomici di grande attualità: diseguaglianza e politica fiscale.
Alessia Amighini, Francesco Giavazzi
doaj   +1 more source

Trust and the cost of debt financing [PDF]

open access: yesJournal of International Financial Markets, Institutions and Money, 2019
This paper examines the relation between the level of trust in a country and the cost of debt. Using data on firms located in 22 countries over a 20-year period, we quantify the country trust level and find strong evidence that firms in countries with a higher level of societal trust have lower bond yield spreads.
Meng, Yijun, Yin, Chao
openaire   +3 more sources

The effect of tax avoidance on cost of debt capital: Evidence from Korea1

open access: yesSouth African Journal of Business Management, 2017
This study investigates the relation between tax avoidance and the cost of debt capital and analyzes the effect of the debt ratio and profitability on the relation between tax avoidance and the cost of debt.
H-J. Shin, Y-S. Woo
doaj   +1 more source

Do financing institutions consider operating performance in estimating cost of debt?

open access: yesFuture Business Journal, 2023
This paper examines the relationship between firm performance and cost of debt. More specifically this paper empirically shows that fund providers charge lower cost on debt for highly performing companies compared to lower performing companies.
Muhammad Shahin Miah   +2 more
doaj   +1 more source

Agency Cost of Debt and Inside Debt: The Role of CEO Overconfidence [PDF]

open access: yesBritish Journal of Management, 2022
AbstractThis study extends our understanding of CEO inside debt compensation under an agency problem perspective by considering the impact of a behavioural trait, namely CEO overconfidence. Using a sample of US firms in Standard & Poor's ExecuComp for the period 2006–2019, we find that overconfident CEOs exhibit greater inside debt incentives (i.e.
Galariotis, Emilios   +3 more
openaire   +4 more sources

Can material asset reorganizations affect acquirers’ debt financing costs? – Evidence from the Chinese Merger and Acquisition Market

open access: yesChina Journal of Accounting Research, 2018
In this paper, we investigate whether material asset reorganizations (MARs), a special form of merger and acquisition (M&A) transactions, can affect the acquirers’ cost of debt financing.
Qingquan Tang, Hongwen Han
doaj   +1 more source

Combined Effects of Auditing and Discretionary Accruals on the Cost of Debt: Evidence From Spanish SMEs

open access: yesSAGE Open, 2021
Previous literature shows mixed evidence on the effect of discretionary accruals and auditing on the cost of debt. We hypothesize that, in the SMEs setting, auditing can act as a substitute for accruals quality, and thus audits may mitigate the effect of
Juan L. Gandía, David Huguet
doaj   +1 more source

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