Results 271 to 280 of about 7,450,602 (308)

CEO Inside Debt and Firm's Maturity Structure of Debt

SSRN Electronic Journal, 2016
This study examines managerial compensation incentives and its impact on firm’s financial decisions. Specifically, we examine how CEO’s inside-debt based compensation incentives (pension benefits and other deferred compensation) influences firm’s debt maturity structure.
Safi Khan, Jason Smith, Attaullah Shah
openaire   +2 more sources

Debt Crisis, Structural Reforms and Debt Relief

2020
Using the civilian government of President Olusegun Obasanjo as the point of departure, this chapter explains the Nigerian debt crisis. In a thematic manner, this chapter presents Nigeria’s economic profile, accounts for its debt crisis and the predisposing factors, links the eventual debt relief to structural reforms, and recommends clear policy ...
Roseline Oshewolo, Segun Oshewolo
openaire   +1 more source

Structuralism's Unpaid Epistemological Debts

Philosophia Mathematica, 1996
Abstract One kind of structuralism holds that mathematics is about structures, conceived as a type of abstract entity. Another denies that it is about any distinctively mathematical entities at all—even abstract structures; rather it gives purely general information about what holds of any collection of entities conforming to the axioms ...
openaire   +2 more sources

Options Trading and Corporate Debt Structure

SSRN Electronic Journal, 2020
Options trading activity can affect firm debt structure decisions by stimulating informed trading that improves the informational environment in which firms raise debt capital. We find supporting evidence, at both the extensive and intensive margin, that firms with actively traded options are able to shift from bank to public debt financing. We provide
Jie (Jay) Cao, Michael Hertzel, Jie (Jessica) Xu, Xintong (Eunice) Zhan   +3 more
openaire   +1 more source

Optimal Capital and Debt Structures with Loss-Absorbing Debts

SSRN Electronic Journal, 2013
We analyze a defaultable firm's optimal capital and debt structures when its debt includes senior straight bonds and either Contingent Convertible or Write-Down bonds. The firm's stakeholders bear a liquidity risk prior to the debt maturity and a solvency risk at maturity.
Sami Attaoui, Patrice Poncet
openaire   +1 more source

Optimal Debt Structure and the Number of Creditors

Journal of Political Economy, 1996
Abstract Much of corporate finance theory is devoted to understanding the trade-off between debt and equity financing. Yet it is striking that firms almost always resolve this trade-off by choosing debt over equity. From 1946 to 1987, debt issues accounted for 85 percent of all external financing and equity only 7 percent. Thus if one
Bolton, Patrick, Scharfstein, David S
openaire   +1 more source

Inside Debts or Outside Debts: Do Senior Executives Influence the Structure of Debts

SSRN Electronic Journal, 2020
The purpose of this study is to analyze the structure of debts in different aged group, as well as executive pension arrangements. For whom aged under 50 categorizes as the junior executive group, while for whom aged above 50 categorizes as the senior executive group. The dataset is selected from Wharton Research Data Services with annual base.
openaire   +1 more source

Mezzanine debt and debt structure

1994
L'objectif central de la dette est de mettre en évidence l'intérêt de recourir au financement mezzanine dans le cadre d'opérations financières où il est fait appel à un financement pour dette élevé. La dette mezzanine est un mode de financement caractérisé par un couple risque : rentabilité intermédiaire entre celui de la dette classique et dont le ...
openaire   +1 more source

The Structural Change of Debt-Economy in Korea : From Corporate Debt to Household Debt

OUGHTOPIA, 2018
본 연구는 2000년대 이후 관찰되는 가계부채급증현상을 새로운 시각으로 해석하는 것을 목표로 한다. 가계부채증가를 다루는 대부분의 기존연구들은 이 현상을 주로 가계소비성향이나 부동산투자의 증가와 같은 가계 내부의 수요측 요인과, 저금리정책이나 은행경영전략의 변화와 같은 공급측 요인을 통해 설명한다. 하지만 본 연구는 이와 같은 수요측 요인과 공급측 요인의 변화 역시 설명되어야 할 현상의 일부라고 지적하면서, 부채라는 금융자원을 둘러싼 정부-금융-기업-가계의 관계를 통합적으로 분석할 수 있는 ‘부채경제’라는 대안적 개념을 제시한다. 부채경제란 부채에 기반하여 현재의 소득을 초과하는 수준에서 대규모 지출과 투자가 감행되고, 이러한
openaire   +1 more source

Reputation in a model with a limited debt structure

Review of Economic Dynamics, 2005
This paper studies the optimal management of the maturity of government debt in an economy without commitment. We consider a reputation where any deviation triggers reversion to the worst sustainable equilibrium. We obtain two results. First, contrary to earlier literature, we show that a very rich debt structure is not a necessary condition to solve ...
openaire   +4 more sources