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debt is strongly negatively correlated with corporate debt and investment, but strongly positively correlated with … strategy influences firms' capital structures and investment policies …
Persistent link: https://www.econbiz.de/10013055316
investment and employment. We first describe how companies used credit lines during the crisis (access, size of facilities, and …
Persistent link: https://www.econbiz.de/10013151684
This article is based on the keynote address from the Eastern Finance Association meeting in South Beach in April 2010. In this keynote address, I discuss how to engage and motivate students by using the results from surveys of corporate finance professionals. Specific examples are given to...
Persistent link: https://www.econbiz.de/10013135347
with restricted access to credit (small, private, non-investment grade, and unprofitable) draw more funds from their credit … lines during the crisis than their large, public, investment-grade, profitable counterparts. Interest spreads increased …
Persistent link: https://www.econbiz.de/10013132469
remotely, plays a central role in modulating firms’ employment plans during the health crisis; ii) investment flexibility … workplace flexibility; and iii) financial flexibility contributes to stronger employment and investment, with effects shaped by … on employment and investment as low workplace flexibility firms adopt automation to replace labor …
Persistent link: https://www.econbiz.de/10013248333
investment, debt usage, and firm value. During the 1930-1938 Depression era, when the corporate sector was shocked by an …
Persistent link: https://www.econbiz.de/10009278247
investment and employment. We first describe how companies used credit lines during the crisis (access, size of facilities, and …
Persistent link: https://www.econbiz.de/10008533395
Using a unique 10-year panel that includes more than 13,300 expected stock market return probability distributions, we find that executives are severely miscalibrated, producing distributions that are too narrow: realized market returns are within the executives' 80% confidence intervals only...
Persistent link: https://www.econbiz.de/10008540030
miscalibrated, and whether their miscalibration impacts investment behavior. Over six years, we collect a unique panel of nearly 7 …
Persistent link: https://www.econbiz.de/10005777436
During project development, investment costs are endogenously determined through delegated bargaining with …
Persistent link: https://www.econbiz.de/10014351043