Results 81 to 90 of about 15,112 (311)
Endogenous debt constraints in collateralized economies with default penalties [PDF]
In infinite horizon financial markets economies, competitive equilibria fail to exist if one does not impose restrictions on agents' trades that rule out Ponzi schemes.
Martins-da-Rocha, Victor Filipe +1 more
core
Does Climate Risk Affect Employment Decisions? International Evidence
Business Strategy and the Environment, EarlyView.ABSTRACT This study investigates the effect of climate risk on corporate employment decisions. Using a large sample from 41 countries, we find a positive association between climate risk and underinvestment in labor, notably manifesting as excessive employee layoffs.
Claude Francoeur +3 more
wiley +1 more source
Empirical Evidence on Selective Sovereign Defaults
EkonomistaThis paper introduces a new empirical measure of fiscal fragility, specifically defined by fluctuations in the government’s tax base, to analyze selective sovereign defaults on domestic and foreign debts.
Wojciech Paczos
doaj +1 more source
Contingent Convertible Debt: The Impact on Equity Holders
Risks, 2019 Contingent Convertible (CoCo) is a hybrid debt issued by banks with a specific feature forcing its conversion to equity in the event of the bank’s financial distress.
Delphine Boursicot +2 more
doaj +1 more source
The Argentinean Debt: History, Default and Restructuring [PDF]
The processes that led to the default and restructuring of the Argentinean debt constitute the main focus of the paper. The evolution of the foreign debt in the long run is examined as well as the macroeconomic performance before and after the crisis ...
Mario Damill
core
Supply Chain Network, ESG Scores and Financial Performance
Business Strategy and the Environment, EarlyView.ABSTRACT This paper provides novel evidence on the role of supply chain networks in influencing firms' environmental, social and governance (ESG) scores and financial performance. Our analysis employs financial, board, ESG and supply chain data, resulting in an unbalanced panel of over 16,000 firm‐year observations from 3028 publicly traded US firms ...
Michail Filippidis +2 more
wiley +1 more source
CREDIT SPREADS PADA REDUCED-FORM MODEL
Media Statistika, 2011 There are two primary types of models in the literature that attempt to describe default processes for debt obligations and other defaultable financial instruments, usually referred to as structural and reduced-form (or intensity) models.
Di Asih I Maruddani +3 more
doaj +1 more source
The Valuation of Corporate Debt with Default Risk [PDF]
This article values equity and corporate debt by taking into account the fact that in practice the default point differs from the liquidation point and that it might be in the creditors' interest to delay liquidation.
Hassan Naqvi
core
Climate Stress Testing on European SME Securitised Loans Under Climate Mitigation Scenarios
Business Strategy and the Environment, EarlyView.ABSTRACT Assessing the future impact of climate risks on the probability of default (PD) of small and medium enterprises (SMEs) is challenging due to limited disclosure, policy uncertainty and exposure to physical risks. This paper addresses this gap by integrating macroeconomic variables from the Network for Greening the Financial System (NGFS ...
Luca Zanin, Raffaella Calabrese
wiley +1 more source
MathematicsOnline consumer credit services play a vital role in the contemporary consumer market. To foster their sustainable development, it is essential to establish and strengthen the relevant risk management mechanism.
Miao Zhu +3 more
doaj +1 more source