Results 61 to 70 of about 628,161 (304)
CEO Overconfidence and Corporate Debt Maturity [PDF]
Journal of Corporate Finance, 2013 This paper extends our knowledge of corporate debt maturity structure by examining whether and to what extent overconfident CEOs affect maturity decisions. Consistent with a demand side story, we find that firms with overconfident CEOs tend to adopt a shorter debt maturity structure by using a higher proportion of short-term debt (due within 12 months).
Ronghong Huang +2 more
openaire +5 more sources
ESG Decoupling Phenomenon: A Systematic and Bibliometric Analysis
Business Strategy and the Environment, EarlyView.ABSTRACT ESG decoupling, defined as the gap between a firm's ESG disclosures and its actual practices, poses a critical challenge to corporate sustainability. Using the PRISMA protocol, 451 articles were selected for a comprehensive bibliometric and systematic literature review to map the intellectual structure and thematic evolution of the research on
Maryam Laeeq +2 more
wiley +1 more source
Estrutura de Maturidade das Dívidas das Empresas Brasileiras: um Estudo Empírico [PDF]
RAC: Revista de Administração Contemporânea, 2011 The main objective of this study is to analyze the main factors for the maturity structure of debt based on theories relating to market imperfections, and also to understand the debt profile of large Brazilian companies, owners of bank debt and issuers ...
Wilson Toshiro Nakamura +2 more
doaj
Buletin Ekonomi Moneter dan Perbankan, 2011 Agency conflict is a phenomenon that occurs when a firm is doing its financing policies, especially of those related to the leverage strategies. Some of the former researches revealed some empirical evidence of the existence of a negative effect between ...
Rhini Fatmasari
doaj +1 more source
Debt maturity and the leverage ratcheting effect [PDF]
Finance, 2019 Admati, Demarzo, Hellwig, et Pfleiderer (ADHP, 2018) font remarquer que les modèles statiques d’endettement optimal supposent que les entreprises n’ont aucune dette à l’origine. Dans ce cas, le levier qui maximise la valeur de l’entreprise maximise aussi la richesse des actionnaires initiaux.
Leland, Hayne, Hackbarth, Dirk
openaire +4 more sources
Corporate debt maturity in the MENA region: Does institutional quality matter? [PDF]
, 2016 We investigate corporate debt maturity structure in the MENA region and its firm and institutional determinants using a sample of 444 listed firms over the 2003–2011 period, or 3717 firm-year observations.
Boubaker, S +7 more
core +1 more source
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines corporate environmental reporting practices among listed companies in the European Union during the period 2018–2022, within the context of the Non‐Financial Reporting Directive (NFRD). To this end, an Environmental Disclosure Index (EDI) is constructed based on qualitative reporting items, and panel‐data models are ...
Rosalva Pinto‐Braga +2 more
wiley +1 more source
Capital structure: optimal leverage and maturity choice in a dynamic model [PDF]
, 2004 We introduce a dynamic model of optimal capital structure. Analytic solutions for the value of debt and equity are provided when the firm has the opportunity to issue new debt optimally at maturity of current debt.
Forte, Santiago
core +1 more source
The Impact of Debt Maturity on Stock Price Crash Risk with an Emphasis on Information Asymmetry [PDF]
Journal of Asset Management and Financing, 2018 Short-term debt subjects managers to frequent monitoring, thus effectively reducing managerial discretion and enhancing information disclosure. Since lenders are more sensitive to decreases than increases in firm stock price, they have strong incentives ...
Vahid Taghizadeh Khanqah +1 more
doaj +1 more source
Endogenous Debt Maturity and Rollover Risk [PDF]
Finance and Economics Discussion Series, 2016 We challenge the common view that short-term debt, by having to be rolled over continuously, is a risk factor that exposes banks to higher default risk. First, we show that the average effect of expiring obligations on default risk is insignificant; it is only when a bank has limited access to new funds that maturing debt has a detrimental impact on ...
Emanuele Brancati, Marco Macchiavelli
openaire +3 more sources