Results 311 to 320 of about 716,001 (349)

Debt, structural adjustment and health

2011
Introduction The debt narrative is encapsulated in the conundrum of why post-apartheid South Africa chose to cripple itself with debts that it could so easily have repudiated. Nelson Mandela described the apartheid debt as “the greatest single obstacle to progress in this country.” He explained further We are limited in South Africa because our ...
Jeff Rudin, David Sanders
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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
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Debt as Choice, Debt as Structure

2011
This epilogue argues that the dependence on credit was the creation, intentional and unintentional, of the sometimes unlikely choices of government, business, and consumers. Over the first half of the twentieth century, government and business fashioned a new legal network of credit institutions and offered most American consumers a choice of whether ...
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Capital structure dynamics and transitory debt

Journal of Financial Economics, 2010
Abstract Firms deliberately but temporarily deviate from permanent leverage targets by issuing transitory debt to fund investment. Leverage targets conservatively embed the option to issue transitory debt, with the evolution of leverage reflecting the sequence of investment outlays.
Harry DeAngelo, Linda DeAngelo, Toni M. Whited   +2 more
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Court-Supervised Restructuring: Pre-Bankruptcy Dynamics, Debt Structure and Debt Rescheduling [PDF]

SSRN Electronic Journal, 2008
We analyze the debt dynamics of corporations that reorganize under Belgian court-supervised restructuring, using a unique sample of small corporations. Small firms systematically accumulate unsecured trade credit and unpaid taxes and social contributions in the running up to bankruptcy-reorganization.
B. LEYMAN, K. SCHOORS, P. COUSSEMENT
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Monetary Policy and Corporate Debt Structure

SSRN Electronic Journal, 2018
AbstractThis paper evaluates and compares the effects of conventional and unconventional monetary policies on the corporate debt structure in the United States. It does so by using a vector autoregression in which policy shocks are identified through high‐frequency external instruments.
Lhuissier, Stéphane, Szczerbowicz, Urszula   +1 more
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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
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The Maturity Structure of Corporate Debt

The Journal of Finance, 1995
ABSTRACTWe provide an empirical examination of the determinants of corporate debt maturity. Our evidence offers strong support for the contracting‐cost hypothesis. Firms that have few growth options, are large, or are regulated have more long‐term debt in their capital structure.
Barclay, Michael J, Smith, Clifford W, Jr   +1 more
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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
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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 ...
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