Results 111 to 120 of about 529,393 (264)
Nominal versus Indexed Debt: A Quantitative Horse Race [PDF]
The main arguments in favor and against nominal and indexed debt are the incentive to default through inflation versus hedging against unforeseen shocks. We model and calibrate these arguments to assess their quantitative importance.
Laura Alfaro, Fabio Kanczuk
core
Racial Equity in State Funding for Community Colleges
New Directions for Community Colleges, EarlyView.ABSTRACT States vary significantly in both the amount of funding they allocate to community colleges and the mechanisms they use to distribute these funds (Kelchen et al., 2024; Mullin et al., 2015; State Higher Education Executive Officers, 2025). One major source of variation in state's approaches to funding community colleges is whether and how they
Elizabeth Aritonang, Denisa Gándara
wiley +1 more source
"Strategic Default Jump as Impulse Control in Continuous Time" [PDF]
This paper presents a new approach for modeling an optimal debt contract in continuous time. It examines a competing contract design in a continuous-time environment with Markov income shocks and costly veri able information.
Hisashi Nakamura
core
From Waste to Value: A Bibliometric‐Systematic Review of Biogas and Biomethane Business Literature
Corporate Social Responsibility and Environmental Management, EarlyView.ABSTRACT In response to escalating environmental challenges and the growing demand for sustainable energy solutions, the agri‐food sector is increasingly exploring business models grounded in circular economy (CE) principles based on the production of biogas and biomethane.
Silvia Cantele +3 more
wiley +1 more source
Pricing the Risk of Recovery in Default with APR Violation [PDF]
This paper proposes a simple approach to infer the risk neutral density of recovery rates implied by the prices of the debt securities of a firm. The proposed approach is independent of modeling default arrival rates and allows for the violation of ...
Dilip Madan, Haluk Unal, Levent Güntay
core
Corporate Social Responsibility and Environmental Management, EarlyView.ABSTRACT This study examines the role of capital expenditure in the relationship between financial performance and corporate reputation. Using moderation and mediation analyses based on multiple regressions with bootstrapping, we examined data from 121 airlines from 46 countries during 2007–2023.
Larissa M. Batrancea +2 more
wiley +1 more source
Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation [PDF]
History suggests the following stylized facts about default on sovereign debt:(1) Defaults are associated with identifiably bad states of the world. (2) Defaults are usually partial, rather than complete.(3) Sovereign states usually are able to borrow ...
Herschel I. Grossman, John B. Van Huyck
core
Corporate Social Responsibility and Environmental Management, EarlyView.ABSTRACT Sustainability assessment advances corporate social responsibility toward inclusive development. Widely recognized approaches prove inadequate for micro, small, and medium enterprises (MSMEs), resulting in fragmented proliferation that hinders cumulative knowledge.
Luísa Couto Gonçalves de Souza +2 more
wiley +1 more source
The Terms of Trade, Repudiation and Default on Sovereign Debt [PDF]
A poor country with volatile export prices borrows in international markets. When debt is denominated in foreign currency, there is a temptation to repudiate when export prices are low.
Michael Bleaney
core
Corporate Social Responsibility and Environmental Management, EarlyView.ABSTRACT The Environmental, Social, and Governance (ESG)‐performance literature has grown substantially, yet a fundamental question remains underexplored: do ESG investments improve firm performance, or do high‐performing firms simply invest more in ESG? We empirically address this question using panel vector autoregression with Granger causality tests
Jiyeon Kim, Wooyoung Yang
wiley +1 more source