En este trabajo se desarrolla un modelo del impacto del riesgo climático en la oferta crediticia y se evalúan sus predicciones según datos granulares sobre incendios forestales y préstamos corporativos en España. Los hallazgos revelan una disminución significativa del crédito de las...

North Carolina is challenged to foster economic development while protecting environmental assets under regulatory and legislative mandate. Small and medium enterprises (SMEs) are the major economic drivers in North Carolina, and in the United States as a whole, but existing support networks for...

Small construction professional services (CPS) firms are recognised as being vitally important to the UK construction industry as much of the professional capacity of the sector resides within these small practices. They rely on the capabilities of small groups of professional employees in...

The management quality, the quality of the products, service and prosperities of the firms is among others dependent on the erudition and competition of the managers. Managers are obligated to create the atmosphere for improvement and looking for way to the enterprises competitiveness. This is...

This article reviews past and recent authorities that have addressed the definition and application of the solvency test in s 95A of the Corporations Act 2001 (Cth). The discussion highlights that, when faced with financial distress, company directors need to carefully consider the solvency...

Theoretical research argues that convertible bonds mitigate the contracting costs of moral hazard, adverseselection, and financial distress. Using firm-specific and macroeconomic factors of the contracting costs,we examine the extent to which they impact the likelihood of issuance and the...

We analyze whether fluctuation in economy-wide factors cause time-series variation in thecontracting costs of moral hazard, adverse selection, and financial distress, and so create windows ofopportunity for firms to issue debt. Using the announcement period abnormal returns as one measure of...

This dissertation investigates the effects of firm financial distress on two key firm decision variables: sales prices and inventories. These analyses contribute to the Structure-Conduct-Performance paradigm literature. Specifically, the feedback loop between financial distress, a result of poor...

This dissertation consists of three essays, of which two are related. In the first essay I model the interaction between a franchisor and its franchisees. I examine how a franchisor uses the investment requirements she asks franchisees as a tool to reduce franchisees' underprovision of sales...

Theoretical research argues that convertible bonds mitigate the contracting costs of moral hazard, adverse selection, and financial distress. Using firm-specific and macroeconomic factors of the contracting costs, we examine the extent to which they impact the likelihood of issuance and the...