Similar Search Results

Market timing of long-term debt issuance

Witmer, Jonathan - 2009

The literature on market timing of long-term debt issuance yields mixed evidence that managers can successfully time … their debt-maturity issuance. The early results that are indicative of debt-maturity timing are not robust to accounting for … structural breaks or to other measures of debt maturity from firm-level data that account for call and put provisions in debt …

Persistent link: https://www.econbiz.de/10003933249

Lessons from international central counterparties : benchmarking and analysis

Lazarow, Alexandre - 2011

Since the financial crisis, attention has focused on central counterparties (CCPs) as a solution to systemic risk for a variety of financial markets, ranging from repurchase agreements and options to swaps. However, internationally accepted standards and the academic literature have left...

Persistent link: https://www.econbiz.de/10009130555

Firm support measures, credit payment behavior, and credit risk

Gómez, Camilo; Rodríguez-Novoa, Daniela - 2024

This paper examines the relationship between three government support measures (debt moratorium, credit guarantee …-in-difference approach, we find that firms subject to debt reliefs and government guarantee programs experienced a lower probability of …

Persistent link: https://www.econbiz.de/10014472331

Financial constraints and the cash-holding behaviour of Canadian firms

McVanel, Darcey (contributor); Perevalov, Nikita (contributor) - 2008

The proportion of assets held by the average Canadian firm in the form of cash has increased steadily since the early 1990s, and is now roughly twice as large as in 1990. The literature has established that the cash-holding behaviour of firms is highly correlated with financial constraints and...

Persistent link: https://www.econbiz.de/10003775805

Financial soundness index for the private corporate sector in Colombia

Lemus-Esquivel, Juan S.; Quicazan-Moreno, Carlos A.; … - 2015

This paper evaluates the importance of building a composite metric of financial soundness for the private corporate sector in Colombia. Instead of relying on the individual and sometimes restrictive financial ratio analysis approach, the purpose of this document is to provide a single metric...

Persistent link: https://www.econbiz.de/10011279762

A framework in search of an optimal margining policy for official institutions : the Canadian experience

Nakashima, Tomo; Cosma, Mihai; Plong, Boran - 2016

One of the main outcomes of the global financial crisis has been a series of new regulations imposed on the financial system and specifically on banks. As a result of the changing regulations, bank dealers introduced various "credit" and "liquidity" charges for uncollateralized over-the-counter...

Persistent link: https://www.econbiz.de/10011439879

Updated methodology for assigning credit ratings to sovereigns

McDaniels, Karim; Palesch, Nico; Suri, Sanjam; … - 2021

leverage internal experience. This updated methodology proposes three key innovations: (i) a new approach to assessing a …

Persistent link: https://www.econbiz.de/10012695084

Multilateral development bank credit rating methodology : overcoming the challenges in assessing relative credit risk in highly rated institutions based on public data

Chen, David; Muller, Philippe; Wagué, Hawa - 2017

The investment of foreign exchange reserves or other asset portfolios requires an assessment of the credit quality of counterparties. Traditionally, foreign exchange reserve managers and other investors have relied on credit rating agencies (CRAs) as the main source for credit assessments. The...

Persistent link: https://www.econbiz.de/10011647655

Methodology for assigning credit ratings to sovereigns

Muller, Philippe; Bourque, Jérôme - 2017

The investment of foreign exchange reserves or other asset portfolios requires an assessment of the credit quality of investment counterparties. Traditionally, foreign exchange reserve and asset managers have relied on credit rating agencies (CRAs) as the main source for credit assessments. The...

Persistent link: https://www.econbiz.de/10011647656

Financial distress and hedging : evidence from Canadian oil firms

Mo, Kun; Suvankulov, Farrukh; Griffiths, Sophie - 2019

firms with higher short-term and long-term debt tend to hedge more. Furthermore, an increase in the Altman bankruptcy score …

Persistent link: https://www.econbiz.de/10011999674