Results 61 to 70 of about 308,712 (275)
Valuation of Defaultable Bonds and Debt Restructuring [PDF]
In this paper we develop a contingent valuation model for zero-coupon bonds with default. In order to emphasize the role of maturity time and place of the lender’s claim in the hierarchy of debt of a firm, we consider a firm that issues two bonds with ...
Ariadna Dumitrescu
core
Business Strategy and the Environment, EarlyView.ABSTRACT This study investigates how sustainability audit quality influences corporate climate change performance and examines the moderating roles of governance quality and greenwashing. Using panel regressions on 6140 firm‐year observations from 39 countries between 2008 and 2023, the findings reveal that higher sustainability audit quality is ...
Muhammed Belly Ibrahim +2 more
wiley +1 more source
The Cost of Capital Calculation in the Project Finance Settings
Journal of Banking and Financial EconomicsThe paper aims at elucidating and solving the methodological problems around the estimation of the cost of capital in the project finance settings. By convention, capital budgeting analysts evaluate project finance ventures using the free cash flow for ...
Paweł Mielcarz +2 more
doaj +1 more source
Liquidation Triggers and the Valuation of Equity and Debt [PDF]
Net-worth covenants, as introduced by Black and Cox (1976), provide the firm’s bondholders with the right to force reorganization or liquidation if the value of the firm falls below a certain threshold.
Dan Galai, Zvi Wiener, Alon Raviv
core
Business Strategy and the Environment, EarlyView.ABSTRACT This study investigates the structural and distributional factors that influence environmental performance in 27 European Union (EU) countries from 2010 to 2021, focusing especially on circular economy (CE) measures and the increasing use of artificial intelligence (AI)‐based analytical tools.
Cosimo Magazzino +3 more
wiley +1 more source
International Review of Economics & FinanceThis study examines how debt covenant violations are associated with subsequent corporate financing and investment behavior. We organize financing outcomes using an accounting-based decomposition of free cash flow and apply a common regression ...
Henry Jarva, Tomi Vuolteenaho
doaj +1 more source
Default-risky Sovereign Debt [PDF]
Not only corporate but also sovereign debtors, in particular developing countries, may get into financial difficulties. Contrary to corporate issuers, they decide themselves if they continue to fulfill their debt obligations or convert their debt.
Andreas Wiggers
core
Debt covenants and asset versus equity acquisitions
, 2021 We examine whether the presence of loan covenants leads firms to choose either an asset or equity acquisitions. Asset acquisitions involve the selective purchase of a target company's assets, and equity acquisitions involve acquisitions of common stocks.
Surendranath Rakesh Jory +5 more
core +1 more source
Air Pollution, Investor Attention, and Greenium: An Attention‐Based View
Business Strategy and the Environment, EarlyView.ABSTRACT Although prior research has highlighted the growing importance of green bonds and their sensitivity to environmental conditions, evidence regarding the existence of a green‐bond premium (“greenium”) remains inconclusive. As an innovative financial instrument whose valuation depends partly on the credibility of its environmental certification ...
Huimin Zhao, Xi Xu, Jing A. Zhang
wiley +1 more source
Management in International Syndicated Lending
Review of Business and Economics StudiesThis article is aimed at presenting a wholesome approach to the management of a syndicated loan portfolio. Methods utilized include the following: (i) portfolio analysis — calculating the parameters of a syndicated loan portfolio (main, liquidity ...
Alexey A. Tarasov
doaj +1 more source