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-post performance, we find that issuer firms expand their total assets and fixed assets, and also raise their leverage. …
Persistent link: https://www.econbiz.de/10012390449
their leverage …
Persistent link: https://www.econbiz.de/10012419623
issuer firms expand their total assets and fixed assets, and also raise their leverage …
Persistent link: https://www.econbiz.de/10012614108
Is bank- versus market-based financing different in its attitudes towards Environmental, Social, and Governance (ESG) risk? Using a novel sample covering 3,783 U.S. public firms from 2007 to 2020, we study how firm-level ESG risk affects its financing outcomes. We find that companies with higher...
Persistent link: https://www.econbiz.de/10013169151
Is bank- versus market-based financing different in its attitudes towards Environmental, Social, and Governance (ESG) risk? Using a novel sample covering 3,783 U.S. public firms from 2007 to 2020, we study how firm-level ESG risk affects its financing outcomes. We find that companies with higher...
Persistent link: https://www.econbiz.de/10013185205
approximately 2% of firm value for a firm whose credit rating falls from AA to BBB, comparable to the magnitude of debt tax benefits …
Persistent link: https://www.econbiz.de/10013173238
towards banks contracts the amount and maturity of corporate debt and leads firms to slow investment and forego growth …
Persistent link: https://www.econbiz.de/10012115121
Persistent link: https://www.econbiz.de/10003382336
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors'' as hedged creditors have less …'s creditors and in the concentration of the firm's debt. Further, we find that firms with longer credit relationships, with higher … average collateral ratios of their debt, and financially safer firms are less affected by empty creditors. Banks that are not …
Persistent link: https://www.econbiz.de/10012181510
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors" as hedged creditors have less … concentration of the firm's debt. Firms with longer credit relationships, with higher average collateral ratios of their debt, and …
Persistent link: https://www.econbiz.de/10012697959