Results 21 to 30 of about 166,090,932 (307)

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

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

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

Latin America and the Caribbean Standardized Public Debt Database: Data as of December 2020

open access: yes, 2021
The LAC Debt Group believes that to have sound regional policy it is important to have valid, comparable, and standardized data on Latin America and the Caribbean (LAC).
Inter-American Development Bank
core   +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

Underinvestment, capital structure and strategic debt restructuring [PDF]

open access: yes, 2010
This paper shows that shareholders' option to renegotiate debt in a period of financial distress exacerbates Myers' (1977) underinvestment problem at the time of the firm's expansion.
Pawlina, G
core   +5 more sources

Climate Vulnerability and the Cost of Debt [PDF]

open access: yesSSRN Electronic Journal, 2018
ABSTRACT We present the first systematic investigation of the impact of climate vulnerability on the cost of sovereign debt using a sample of 46 developing and advanced countries from 1996 to 2016. We find that a subgroup of 25 developing countries with higher exposure to climate vulnerability—all of which are members of the V20 climate ...
Kling, Gerhard   +3 more
openaire   +2 more sources

PRIVATE COST OF CAPITAL AND INCREMENTAL BUSINESS VALUE OF MID-MARKET FIRMS

open access: yesThe International Journal of Banking and Finance, 2021
This study examined the implications of private cost of capital on the incremental business value (IBV) of middle market firms in Nigeria. Specifically, three costs were identified as follows: private cost of debt (PCD), private cost of equity (PCE ...
Daibi Wellington Dagogo, Saheed K. Ajadi
doaj   +1 more source

Pengaruh Corporate Hedging Terhadap Cost Of Debt

open access: yesJurnal Manajemen Teori dan Terapan, 2017
The ongoing globalization era is marked by free trade, will bring uncertainty to the Indonesian economy. These uncertainties include fluctuations of exchange rate, interest rates, and commodity prices.
Vicki Lineous Suryagari, Fitri Ismiyanti
doaj   +1 more source

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