Showing 1 - 10 of 282
We study how managers respond to hurricane events when their firms are located in the neighborhood of the disaster area. We find that the sudden shock to the perceived liquidity risk leads managers to increase corporate cash holdings and to express more concerns about hurricane risk in...
Persistent link: https://www.econbiz.de/10010391950
Persistent link: https://www.econbiz.de/10000811828
investors exhibit ambiguity aversion and perceive ambiguity in assets issued in foreign locations. Increases in the variance of …' perceived ambiguity have the opposite effect, and lead to less risk-sharing. Entrepreneurs from capital-scarce countries finance … ambiguity, that is, when investors only perceive risk. New facts uncovered from cross-country firm-level data are consistent …
Persistent link: https://www.econbiz.de/10010496775
Persistent link: https://www.econbiz.de/10009275652
Cet article examine empiriquement les déterminants de l’utilisation des produits dérivés par un échantillon de sociétés non financières françaises. Les résultats des tests font apparaître le levier (le proxy des coûts de la détresse financière), le rendement des dividendes, la...
Persistent link: https://www.econbiz.de/10008532479
Persistent link: https://www.econbiz.de/10012643780
Persistent link: https://www.econbiz.de/10000467915
Persistent link: https://www.econbiz.de/10000451780
Persistent link: https://www.econbiz.de/10000687011
Persistent link: https://www.econbiz.de/10000710905