Results 161 to 170 of about 658,415 (404)
Corporate Debt Maturity Choice in Transition Financial Markets [PDF]
This paper investigates the determinants of liability maturity choice in transition markets. We formulate a model of firm value maximization that describes managers' choice of optimal debt structure.
Andreas Stephan +2 more
core
Corporate cash policy and double machine learning
International Journal of Finance &Economics, EarlyView.Abstract We are the first to explore the role of firm‐level drivers in corporate cash policy applying cutting‐edge double machine learning technique. We identify tangibility of assets and R&D spending as two main driving forces behind the cash increase when they are considered both independently and jointly.
Hadi Movaghari +2 more
wiley +1 more source
Early-Stage Globalization and Corporate Debt Maturity: The Case of South Korea, 1980-94 [PDF]
Using data from publicly traded South Korean corporations for the period 1980-94, this paper finds evidence that increases in financial liberalization that accompanied the more general process of financial globalization have significantly reduced the ...
Federico Guerrero
core
International Journal of Finance &Economics, EarlyView.ABSTRACT In the evolving landscape of higher education, leadership plays a pivotal role in directing institutional strategies towards sustainability. This study examines how the career horizons of Vice Chancellors (VCs)—often akin to CEOs in the corporate sector—influences the sustainability performance of UK universities. Using a unique hand‐collected
Lee Roberts, Yang Wang, Ahmed A. Elamer
wiley +1 more source
A Unifying Approach for the Pricing of Debt Securities [PDF]
arXivWe propose a unifying framework for the pricing of debt securities under general time-inhomogeneous short-rate diffusion processes. The pricing of bonds, bond options, callable/putable bonds, and convertible bonds (CBs) is covered. Using continuous-time Markov chain (CTMC) approximations, we obtain closed-form matrix expressions to approximate the ...
arxiv
A note on the policy implications of the fiscal multiplier [PDF]
arXiv, 2013 We present an elementary analysis of the dynamical aspects of the GDP / government surplus multiplier with relevance to the assessment of a country's debt repayment policy. We show the (at first) counter intuitive result that in order to reduce the Debt/GDP ratio, countries with high Debt to GDP should go into further debt, as long as the Debt to GDP ...
arxiv
Debt maturity structure and the 1997 Asian financial crisis [PDF]
, 2008 Rataporn Deesomsak +2 more
openalex +1 more source
Forecasting Digital Asset Return: An Application of Machine Learning Model
International Journal of Finance &Economics, EarlyView.ABSTRACT In this study, we aim to identify the machine learning model that can overcome the limitations of traditional statistical modelling techniques in forecasting Bitcoin prices. Also, we outline the necessary conditions that make the model suitable.
Vito Ciciretti +4 more
wiley +1 more source
How Can We Explain the Dynamics in Debt Maturities of Firms ?
, 2014 CAHIERS DE RECHERCHE n°2014-01 E2The current paper examines the driving forces of debt maturity dynamics. This is the first attempt ever made to explain debt maturity dynamics from the perspectives of variations in conventional debt maturity determinants,
Fontaine, Patrice, Zhao, Sujiao
core +2 more sources
The Maturity Structure of Debt in the Run-Up to Default
SSRN Electronic Journal, 2017 Firms anticipate bad times by issuing long-termdebt with procyclical rollover activity, yet the 2008 crisis is associated with an excess of short-term debt. Both patterns arise in a model of declining cash ‡ows and an upside event— a growth option, whereby expired debt is re…nanced with short- or long- term bonds.
openaire +3 more sources