Results 91 to 100 of about 628,161 (304)
Capital Age and Debt Maturity: Evidence from U.S. Public Firms on Asset Life and Financing Cycles
Review of Economic AnalysisThis paper examines how firms' capital age and asset life influence their financing decisions, specifically focusing on debt maturity and leverage cycles. Using a comprehensive dataset of U.S. public firms from 1995 to 2023, we document that capital age
Kais Ben Mbarek
doaj
Risk aversion and debt maturity structure [PDF]
We study the relationship of risk aversion and debt maturity structure. In a model in which adverse selection in financial markets creates a role for the use of short-term debt, we allow the possibility of borrowers being risk-averse.
Jorge Fernández Ruiz +1 more
core
Market Timing and Corporate Debt Issuance [PDF]
, 2008 This thesis comprehensively examInes the relationship between corporate debt issuance and market timing. The focus is on the different issues of debt market timing across the different stages of corporate debt issuance from pre-issue considerations, to ...
Zhou, Bilei, Zhou, Bilei
core
The Fast, the Steady and the Tenacious: Funding Pathways for Circular Start‐Ups
Business Strategy and the Environment, EarlyView.ABSTRACT Circular start‐ups (CSUs) are critical for unlocking the circular economy, yet they face persistent barriers in accessing finance. Despite growing interest from policymakers and financing institutions, little empirical evidence explains how these ventures pursue and secure funding.
Pilar Mejía‐Vélez +4 more
wiley +1 more source
Debt maturity of Italian firms [PDF]
In this paper we test different theories on debt maturity that can be ascribed to either the demand or the supply side of the market. Firm risk, asymmetric information, agency costs are all aspects that should be considered in the analysis.
Silvia Magri
core
Internationalization and ESG Controversies: Do Foreign Directors on Corporate Boards Matter?
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines the relationship between internationalization and environmental, social, and governance (ESG) controversies, focusing on whether foreign directors on corporate boards influence this relationship. Drawing on resource dependence theory, we argue that internationalization increases ESG controversies due to the complexity of ...
Mohamed Elsayed +4 more
wiley +1 more source
Collateral and Debt Maturity Choice. A Signaling Model [PDF]
This paper derives optimal loan policies under asymmetric information where banks offer loan contracts of long and short duration, backed or unbacked with collateral. The main novelty of the paper is that it analyzes a setting in which high quality firms
Lensink, Robert, Tra, Pham Thi Thu
core
Corporate Environmental Responsibility and Cost of Equity Capital: A Meta‐Analytical Review
Business Strategy and the Environment, EarlyView.ABSTRACT Despite extensive research on the relationship between corporate environmental responsibility (CER) and cost of equity capital (COEC), empirical evidence remains inconsistent. This study addresses these inconsistencies through a comprehensive meta‐analysis of 1139 effect sizes from 75 studies.
Robert Witte +2 more
wiley +1 more source
A Gap-Filling Theory of Corporate Debt Maturity Choice [PDF]
We argue that time-series variation in the maturity of aggregate corporate debt issues arises because firms behave as macro liquidity providers, absorbing the large supply shocks associated with changes in the maturity structure of government debt.
Samuel Hanson +2 more
core
ESG Uncertainty in Supply Chains: How Rating Divergence Shapes Buyer–Supplier Trade Credit
Business Strategy and the Environment, EarlyView.ABSTRACT Uncertainty in environmental, social, and governance (ESG) ratings has raised concerns about the reliability of sustainability evaluations and their consequences for interfirm relationships. Although prior research has highlighted firm‐level financial outcomes of ESG rating divergence, little is known about its implications for buyer–supplier ...
Liukai Wang, Na A., Yu Gong, Steve Brown
wiley +1 more source