Results 161 to 170 of about 169,229 (311)

Jamaica: Macroeconomic Policy, Debt and the IMF [PDF]

open access: yes
This paper looks at Jamaica’s recent history of indebtedness, its experience during the global economic downturn, and examines its current agreement with the International Monetary Fund (IMF).
Jake Johnson, Juan Montecino
core  

Do Banks Learn From Natural Disasters? Evidence From the U.S. Financial Sector

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT This paper examines whether U.S. banks learn from natural disasters. We explore several potential channels of adjustment and find that exposed banks primarily respond by adopting precautionary capital measures. This behaviour is evident both in the long run, when assessing divergent trends in the evolution of equity over time, and in the short
Dennis Dreusch   +2 more
wiley   +1 more source

Rethinking Liquidity in Nonprofit Organizations: The Dual Role of Excess Cash in Explaining Financial Vulnerability

open access: yesFinancial Accountability &Management, EarlyView.
ABSTRACT This study examines the dual impact of excess cash holdings on the financial vulnerability of nonprofit organizations (NPOs) through an integrative framework that combines insights from the behavioral theory of the firm and agency theory. From a behavioral perspective, excess liquid assets represent unabsorbed organizational slack that can ...
Teresa Elvira‐Lorilla   +3 more
wiley   +1 more source

Family dynamics and death row: A dual‐theory approach

open access: yesFamily Relations, EarlyView.
ABSTRACT Objective This study investigates how the incarceration and death sentence of a loved one impact family dynamics in Malaysia, drawing on restorative justice and family systems theories. Background Despite the global movement toward abolishing the death penalty, Malaysia continues to impose discretionary death sentences for crimes such as ...
Reyhaneh Bagheri
wiley   +1 more source

Mergers and Acquisitions as Navigators of Climate Policy Shocks: Evidence from the NOx Budget Trading Program

open access: yesFinancial Management, EarlyView.
ABSTRACT We examine how mergers and acquisitions (M&As) enable firms to adapt to climate policy shocks. Exploiting the adoption of the Nitrogen Oxides (NOx) Budget Trading Program (NBP) across US states as an exogenous shock, we find that firms with NOx‐emitting plants subject to the NBP are more likely to engage in M&As, particularly through vertical ...
Samer Adra   +3 more
wiley   +1 more source

Valuation of Defaultable Bonds and Debt Restructuring [PDF]

open access: yes
In this paper we develop a contingent valuation model for zero-coupon bonds with default. In order to emphasize the role of maturity time and place of the lender’s claim in the hierarchy of debt of a firm, we consider a firm that issues two bonds with ...
Ariadna Dumitrescu
core  

The Effects of Information Technologies on the Bankruptcy Decision

open access: yesFinancial Management, EarlyView.
ABSTRACT Exploiting the staggered adoptions of electronic systems across 70 bankruptcy courts in the United States, I investigate the impacts of digital transformation on bankruptcy behavior. The digital transformation in bankruptcy courts significantly lowered the cost of filing by enabling debtors to file for bankruptcy online, yet empirical tests ...
Jeyul Yang
wiley   +1 more source

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