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Debt structure and debt overhang [PDF]
Journal of Corporate Finance, 2022 We study the impact of heterogeneous debt structures on corporate financing and investment decisions in a dynamic trade-off model. The issuance of bank debt along with market debt accelerates investment and mitigates the ex-post debt overhang relative to exclusive market debt structures.
Liu Gan
exaly +4 more sources
Investigating the nonlinear relationship between debt structure and real and accrual-based earnings management [PDF]
Iranian Journal of Finance, 2022 Earning is one of the most important items of financial statements. Sometimes managers manipulate and distort earning reports to maximize their own benefits, reach a certain profitability level, or achieve a certain corporate objective.
Farzin Rezaei +2 more
doaj +1 more source
Dynamic Investment, Debt Structure and Debt Overhang [PDF]
SSRN Electronic Journal, 2020 We study the impact of the optimal debt and priority structure on the intertwined corporate financing and investment decisions in a dynamic trade-off model, where the firm simultaneously uses bank and market debt for project financing. Private bank debt is renegotiable during financial distress, thus it avoids inefficient and costly bankruptcy losses ...
Gan, Liu, Xia, Xin, Zhang, Hai
openaire +2 more sources
Frontiers in Environmental Science, 2023 This paper employs panel data from 227 prefecture-level cities in China spanning the period from 2000 to 2020 to investigate the effects and influences of local government debt policies on the financial ecological environment.
Zejun Wang +5 more
doaj +1 more source
The Study Of The Effect Of The Modified Auditor’s Opinion On The Debt Structure And Excess Stock Returns Of The Companies Admitted To the Tehran Stock Exchange [PDF]
مطالعات تجربی حسابداری مالی, 2018 Investors need reliable information for decision making in order to make optimal economic decisions. This research investigates the effect of the modified auditor's opinion on the debt structure and excess stock returns of the companies admitted to the ...
Seyed Kazem Ebrahimi +2 more
doaj +1 more source
Corporate governance and debt structure
Millenium, 2020 Introduction: The study of corporate governance in financial decisions has gained relevance, particularly in debt structure, while remaining open how its characteristics influence such decisions. In this study, three forms of debt were considered (total,
António Pedro Pinto +2 more
doaj +1 more source
Does debt structure heterogeneity reduce the cost of capital?
Revista Contabilidade & Finanças, 2022 This paper seeks to investigate the relationship between the level of debt structure heterogeneity and the cost of debt of publicly and privately held Brazilian companies in the period from 2020 to 2019.
João Paulo Augusto Eça +1 more
doaj +2 more sources
Measure and Analyze the Determinants of the Creditworthiness in Iraq Economy (2004-2017) [PDF]
Journal of Information Technology Management, 2019 Finance and indebtedness remain major problems for most countries, especially developing countries it therefore requests to stand in front of them to reduce them and prevent their exacerbation, Global rating agencies are a reflection of the urgent need ...
Abdulkhleq Dubai Abdulmahdi +2 more
doaj +1 more source
CEO Inside Debt and Corporate Debt Maturity Structure [PDF]
SSRN Electronic Journal, 2015 This paper examines the relation between chief executive officer (CEO) inside debt holdings and corporate debt maturity. We provide robust evidence that inside debt has a positive effect on short-maturity debt and that this effect is concentrated in financially unconstrained firms that face lower refinancing risk.
Dang, Viet, Phan, Hieu V.
openaire +1 more source
Debt maturity and corporate R&D investment – the empirical study of US listed firms [PDF]
Banks and Bank Systems, 2018 This study investigates the relationships between debt maturity structure and corporation R&D investment. Using a large sample of US listed firms over the period of 1995 to 2015, it was found that the use of bank debt positively influences R&D ...
Hai-Chin Yu, Thi-Thanh Phan
doaj +1 more source