Results 211 to 220 of about 2,476 (261)
From financial lock-in to resilience reconstruction: Climate risk, internal capital markets and organizational resilience of high-carbon enterprises. [PDF]
PLoS OneWang N, Wang F, Li Y, Yuan Y.
europepmc +1 more source
The ‘Hidden Cost’ of Sustainable Debt Financing in Emerging Markets
Rickman J, Kothari S, Ameli N.
europepmc +1 more source
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2014
Abstract Debt instruments obligate an issuer to make interest payments and repay principal to the buyer according to the terms of an agreement between the lender and the borrower. The yield, or market price of these debt securities is related to the yield on U.S. Treasury securities.
exaly +2 more sources
Abstract Debt instruments obligate an issuer to make interest payments and repay principal to the buyer according to the terms of an agreement between the lender and the borrower. The yield, or market price of these debt securities is related to the yield on U.S. Treasury securities.
exaly +2 more sources
2023
Abstract This chapter discusses the forms of real security that companies can give to lenders. Topics covered include the advantages of being a secured creditor, economic perspectives on secured debt, freedom of contract, consensual security interests, forms of property that can be used as security, forms of consensual real security ...
Eilís Ferran +2 more
openaire +1 more source
Abstract This chapter discusses the forms of real security that companies can give to lenders. Topics covered include the advantages of being a secured creditor, economic perspectives on secured debt, freedom of contract, consensual security interests, forms of property that can be used as security, forms of consensual real security ...
Eilís Ferran +2 more
openaire +1 more source
2021
Social security has been debated to be one of the contributors of sovereign debt, especially during the latest (2008) financial crisis and the debt crisis that followed it. A series of econometric models is employed to find evidence that (at a significance level that depends on the model) public debt is positively correlated with pension assets ...
Thomas Poufinas +2 more
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Social security has been debated to be one of the contributors of sovereign debt, especially during the latest (2008) financial crisis and the debt crisis that followed it. A series of econometric models is employed to find evidence that (at a significance level that depends on the model) public debt is positively correlated with pension assets ...
Thomas Poufinas +2 more
openaire +1 more source
Secured debt and managerial incentives
Review of Quantitative Finance and Accounting, 2011Financial theory holds that firms can control agency costs through the use of short-term and secured debt. We examine the relation between the use of secured debt and the incentive of the manager to increase the risk of the firm, as measured by vega. We find that firms utilize secured debt to a lesser extent when managerial volatility sensitivity is ...
Michael J. Alderson +2 more
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Journal of Financial Economics, 1985
Abstract This paper analyzes the pricing of two types of secured debt and shows that secured debt can be used to increase the value of the firm. In particular, it is shown that some profitable projects will not be undertaken by a firm which can use only equity or unsecured debt to finance them but will be undertaken if they can be financed with ...
RenéM. Stulz, Herb Johnson
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Abstract This paper analyzes the pricing of two types of secured debt and shows that secured debt can be used to increase the value of the firm. In particular, it is shown that some profitable projects will not be undertaken by a firm which can use only equity or unsecured debt to finance them but will be undertaken if they can be financed with ...
RenéM. Stulz, Herb Johnson
openaire +1 more source
SSRN Electronic Journal, 2019
ABSTRACTThe share of secured debt issued (as a fraction of total corporate debt) declined steadily in the United States over the twentieth century. This stems partly from financial development giving creditors greater confidence that high‐quality borrowers will respect their claims even if creditors do not obtain security upfront.
EFRAIM BENMELECH +2 more
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ABSTRACTThe share of secured debt issued (as a fraction of total corporate debt) declined steadily in the United States over the twentieth century. This stems partly from financial development giving creditors greater confidence that high‐quality borrowers will respect their claims even if creditors do not obtain security upfront.
EFRAIM BENMELECH +2 more
openaire +1 more source
SSRN Electronic Journal, 2002
This paper argues for an efficiency account of secured debt and against an externalization account. It describes the results of an investigation into firms' use of secured debt. I interviewed over twenty lawyers, bankers, and business people who are experts in this area and made use of my own knowledge as a former corporate lawyer.
openaire +1 more source
This paper argues for an efficiency account of secured debt and against an externalization account. It describes the results of an investigation into firms' use of secured debt. I interviewed over twenty lawyers, bankers, and business people who are experts in this area and made use of my own knowledge as a former corporate lawyer.
openaire +1 more source