Results 11 to 20 of about 1,949 (214)
Dynamic capital structure with callable debt and debt renegotiations [PDF]
Journal of Corporate Finance, 2002 We consider a dynamic trade-off model of a firm's capital structure with debt renegotiation. Debt holders only accept restructuring offers from equity holders backed by threats which are in the equity holders' own interest to execute. Our model shows that in a complete information model in which taxes and bankruptcy costs are the only frictions ...
Christensen, Peter Ove +3 more
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The Seniority Structure of Sovereign Debt [PDF]
SSRN Electronic Journal, 2019 Sovereign governments owe debt to many foreign creditors and can choose which creditors to favor when making payments. This paper documents the de facto seniority structure of sovereign debt using new data on defaults (missed payments or arrears) and creditor losses in debt restructuring (haircuts).
Schlegl, Matthias +2 more
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FIRM-SPECIFIC DETERMINANTS OF DEBT MATURITY STRUCTURE OF LISTED NON-FINANCIAL FIRMS IN NIGERIA
Malaysian Management Journal, 2020 The importance of debt financing to firms as a basis for decision-making cannot be over-emphasised. This implies that the maturity structure of debts becomes important for understanding the outcomes of firms’ decisions. There is a dearth of evidence from
LAWAL MOHAMMED, ALIYAH MUSA MUBI
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Determinants of debt maturity structure: Evidence in Vietnam
Cogent Business & Management, 2022 This paper examines the determinants of debt maturity structure in listed small and medium enterprises in Vietnam from 2010 to 2019. Agency cost theory, signaling theory, tax-based theory, and matching theory are discussed as platform theories for ...
Kim Quoc Trung Nguyen
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Debt shifting and ownership structure [PDF]
European Economic Review, 2012 Abstract Previous theoretical studies on the debt shifting behavior of multinationals have assumed affiliates of multinationals to be wholly owned. We develop a model that allows a multinational firm to determine both the leverage and ownership structure in affiliates endogenously. A main finding is that affiliates with minority owners have less debt
Dirk Schindler, Guttorm Schjelderup
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Core Predictors of Debt Specialization: A New Insight to Optimal Capital Structure
Mathematics, 2021 Debt structure composition is an essential topic of discussion for the management of capital structure decisions. Researchers made extensive efforts to understand the criteria for selecting debts, specifically, to know about the reasons for debt ...
Kanwal Iqbal Khan +6 more
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Debt Structure and Future Financing and Investment. Evidence from Oil and Gas Sector of Pakistan
Journal of Accounting and Finance in Emerging Economies, 2023 Purpose: This study aims to investigate the link between debt structure and future external financing and investment, existing empirical literature suggest various features of debt structure such as maturity structure, seniority and security profile ...
Jameel Ahmed Khan Hakro +3 more
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Sovereign Debt and Structural Reforms [PDF]
American Economic Review, 2019 We construct a dynamic theory of sovereign debt and structural reforms with limited enforcement and moral hazard. A sovereign country in recession wishes to smooth consumption. It can also undertake costly reforms to speed up recovery. The sovereign can renege on contracts by suffering a stochastic cost.
Mueller, Andreas +2 more
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A study of the capital structure in the construction sector of Republika Srpska [PDF]
Bankarstvo, 2020 This research included 11 companies from the construction sector, included in the stock exchange index of the construction sector, GIRS. The following dependent variable was used: short-term debt to total liabilities (STDTL).
Alihodžić Almir
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The Optimum Structure For Government Debt [PDF]
SSRN Electronic Journal, 2010 This article studies the structural differences between implicit and explicit government debt in a two-generations-overlapping model with stochastic factor-prices. If a government can issue safe bonds and new claims to wage-indexed social security to service a given initial obligation, there exists a set of Pareto-efficient ways to do so.
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