Results 51 to 60 of about 529,393 (264)
Credit risk mitigation warrants initiation and private enterprise debt default risk [PDF]
Journal of Asian Business and Economic StudiesPurposeThis study examines the role of credit risk mitigation warrants (CRMWs) in reducing default risk in China's private bond market during rising default rates and tightening credit since 2018, particularly for financially distressed enterprises ...
Futie Song, Xuechen Shen
doaj +1 more source
Company Cost of Capital and Leverage: A Simplified Textbook Relationship Revisited
Schmalenbach Journal of Business Research, 2023 In this paper, we revisit a frequently employed simplification within the WACC approach that company cost of capital $$k_{V}$$ k V is supposed to be invariant to the debt ratio and therefore equal to the unlevered cost $$k_{U}$$ k U . Even though we know
Valentin Haag, Christian Koziol
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Business Strategy and the Environment, EarlyView.ABSTRACT Financial capital is widely recognized as having the potential to provide investments needed for net‐zero transitions. While recent empirical studies reveal that financial digitalization and fintech have changed Chinese banks' loan portfolios and business models, they stem from credit restrictions on heavily polluting enterprises and from ...
Akihisa Mori
wiley +1 more source
Equilibrium default cycles [PDF]
, 2007 This paper analyzes Markov equilibria in a model of strategic lending in which (i) agents cannot commit to long‐term contracts, (ii) contracts are incomplete, and (iii) incumbent lenders can coordinate their actions.
Kovrijnykh, Natalia +6 more
core +1 more source
Asset Redeployability and Biodiversity Risk
Business Strategy and the Environment, EarlyView.ABSTRACT We examine how asset redeployability influences a firm's exposure to biodiversity risk. Our empirical analysis provides robust evidence that firms possessing greater levels of redeployable assets exhibit significantly lower biodiversity risk.
Mostafa Monzur Hasan +2 more
wiley +1 more source
Exploring Corporate Capital Structure and Overleveraging in the Pharmaceutical Industry
RisksThis paper applies an empirical model of corporate capital structure, optimal debt, and overleveraging to estimate overleveraging measured as the difference between actual and optimal debt.
Samar Issa, Hussein Issa
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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
Domestic vs. external sovereign debt servicing: an empirical analysis [PDF]
, 2009 This paper analyzes the incidence of domestic and external debt crises for a sample of 53 emerging economies between 1980 and 2005. Even though there is substantial time variation in the default rates during the period, sovereign default rates for ...
Emanuel Kohlscheen, Kohlscheen, Emanuel
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Business Strategy and the Environment, EarlyView.ABSTRACT Adopting a signaling perspective, this study examines whether corporate green patenting reduces the cost of equity by mitigating information asymmetry in capital markets. Using longitudinal panel data from South Korea, we find that green patenting—encapsulating technological innovation related to energy, environmental protection, and climate ...
Jeongdae Yim, Su‐Yol Lee
wiley +1 more source
The impact of different types of borrowing constraints in a heterogeneous firm model
International Review of Economics & FinanceRecent evidence shows that an increasing share of U.S. corporate debt is backed by earnings rather than collateral, raising questions about the traditional focus on collateral borrowing constraints. This paper studies how the form of borrowing constraint
Joon Choi
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