Results 321 to 330 of about 1,452,805 (356)

CEO Inside Debt and Firm Debt

SSRN Electronic Journal, 2015
Purpose This paper aims to examine jointly the CEO inside debt and firm debt to further investigate the compensation incentives on risky decision-making and the resulting financial policy decisions concerning the debt structure of the firm. Design/methodology/approach Using S&P 1500 data from CRSP, Compustat, Execucomp and Capital IQ between ...
Randy Beavers, Randy Beavers
openaire   +3 more sources

Board Characteristics, Accounting Report Integrity, and the Cost of Debt

, 2003
Creditor reliance on accounting-based debt covenants suggests that debtors are potentially concerned with board of director characteristics that influence the integrity of financial accounting reports.
Ronald C. Anderson, S. Mansi, D. Reeb
semanticscholar   +1 more source

Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach*

, 2012
In this paper we present a simple New Keynesian-style model of debt-driven slumps – that is, situations in which an overhang of debt on the part of some agents, who are forced into rapid deleveraging, is depressing aggregate demand.
Gauti B. Eggertsson, P. Krugman
semanticscholar   +1 more source

Founding Family Ownership and the Agency Cost of Debt

, 2003
We investigate the impact of founding family ownership structure on the agency cost of debt. We find that founding family ownership is common in large, publicly traded firms and is related, both statistically and economically, to a lower cost of debt ...
Ronald C. Anderson, S. Mansi, D. Reeb
semanticscholar   +1 more source

Debt Maturity Structure and Liquidity Risk

, 1991
This paper analyzes debt maturity structure for borrowers with private information about their future credit rating. Borrowers' projects provide them with rents that they cannot assign to lenders.
Douglas W. Diamond
semanticscholar   +1 more source

Critical debt and debt dynamics

Journal of Economic Dynamics and Control, 2000
We study the debt dynamics and sustainable debt for an open economy which borrows from abroad in order to "nance consumption. To service the debt the country may exploit a renewable resource. We show that there is for every resource stock R a critical level BH(R) of debt above which debt tends to in"nity but below which it may be steered to zero.
Willi Semmler, Malte Sieveking
openaire   +2 more sources

ESG scores and cost of debt

Energy Economics, 2022
N. Apergis, Thomas Poufinas, Alexandros Antonopoulos   +2 more
semanticscholar   +1 more source

Debt, liquidity constraints, and corporate investment: evidence from panel data

, 1992
This paper presents evidence supporting the theory that problems of asymmetric information in debt markets affect financially unhealthy firms' ability to obtain outside finance and, consequently, their allocation of real investment expenditure over time.
Toni M. Whited
semanticscholar   +1 more source

Debt Maturity and Lumpy Debt

SSRN Electronic Journal, 2016
I develop a dynamic capital structure model in which shareholders determine a firm's leverage ratio, debt maturity, and default strategy. In my model, the firm's debt matures all at once. Therefore, after repaying the principal shareholders own all the firm's cash flows and can pick a new capital structure.
openaire   +2 more sources

Government Debt and Debt Management

1973
During the war years, as a direct and indirect result of the occupation, a huge financial deficit on Government account had accumulated. This had been financed to a relatively small extent by long-term borrowing (via the issue of semi-obligatory war loans) but mainly by the placement of Treasury paper with the banking system.
openaire   +2 more sources