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On the Timing and Optimality of Capital Controls: Public Expenditures, Debt Dynamics and Welfare
Boucekkine, Raouf; Pommeret, Aude; Prieur, Fabien - HAL - 2012
a measure of total wealth is above a certain threshold. In particular, a too large initial debt makes financial …
Persistent link: https://www.econbiz.de/10010933802
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Environmental Policies under Debt Constraint
Fodha, Mouez; Seegmuller, Thomas; Yamagami, Hiroaki - HAL - 2014
stabilizing public debt. A public sector of pollution abatement is financed by taxation and by issuing public debt. Considering a … debt-output ratio. …
Persistent link: https://www.econbiz.de/10010933863
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Does debt affect profitability? An empirical study of French trade sector
Kebewar, Mazen - HAL - 2013
This article aims to expand existing empirical knowledge on the impact of debt level on profitability of companies. We … 2006. By using the generalized method of moments (GMM), we show that the debt affects negatively the profitability, not …
Persistent link: https://www.econbiz.de/10010755513
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The effect of debt on corporate profitability Evidence from French service sector
Kebewar, Mazen; Noaman, Ahmed Shah Syed Muhammad - HAL - 2013
Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can … (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no …
Persistent link: https://www.econbiz.de/10010899356
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Sovereign bond spread drivers in the EU market in the aftermath of the global financial crisis
Matei, Iuliana; Cheptea, Angela - HAL - 2012
Dans cet article, nous étudions empiriquement les déterminants des spreads des obligations souveraines des pays de l'UE vis-à-vis de l'Allemagne entre 2003-2010. Nous abordons deux questions principales. Tout d'abord, nous examinons quelle proportion de la variation des spreads s'explique par...
Persistent link: https://www.econbiz.de/10011026171
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Bankruptcy Risk, Product Market Competition and Horizontal Mergers
Franck, Bernard; Pape, Nicolas Le - HAL - 2010
proportion of debt financed firms in the industry. By introducing an additionnal upstream stage to the game, we then examine how … debt financing impacts on incentives to merge with competitors. We demonstrate that a merger involving leveraged firms …
Persistent link: https://www.econbiz.de/10010821178
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The effect of debt on corporate profitability : Evidence from French service sector
Kebewar, Mazen - HAL - 2012
Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can … (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no …
Persistent link: https://www.econbiz.de/10010821293
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Risk in Islamic Banking
Abedifar, Pejman; Molyneux, Philip; Tarazi, Amine - HAL - 2012
lower credit risk than conventional banks. In terms of insolvency risk, small Islamic banks also appear more stable …
Persistent link: https://www.econbiz.de/10010899528
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Bankruptcy: from moral order to economic efficiency.
Levratto, Nadine - HAL - 2007
, and prolongation of the activity of viable firms. This contribution examines the French insolvency law and its …
Persistent link: https://www.econbiz.de/10008789513
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How Can Insurance Companies Compete With MutualInsurers? The Role of Commitment
Bourlès, Renaud - HAL - 2006
The aim of this paper is to analyze the impact of the existence of mutual firms on the behavior of insurance companies and more precisely to study in which situations an insurance company can enter a market controlled by mutual arrangements. Our approach differs from the existing literature as...
Persistent link: https://www.econbiz.de/10008794170