This paper attempts to explain the yield spreads charged to new corporate debt issues by comparing the initial yields of a set of 3,287 securities issued over eleven years in the US. We use the measure of constant maturity Treasury rates on the day of issue against the Moody’s Aaa Corporate...

Marketing strategy has been justified by a number of criteria, including brand awareness, consumer attitudes, repeat buying and ratings of customer satisfaction; but the existing literature indicates the existence of weak relationships between these variables and sales, and almost no...

Diese Diplomarbeit beschäftigt sich mit der Weiterentwicklung der Investor Relations durch betriebswirtschaftliche Managementinstrumente. Sie soll aufzeigen, was Investor Relations ist, was Investor Relations-Arbeit leisten kann, was die Ziele und wer die Zielgruppen sind. Des Weiteren wird...

Die Autorin untersucht in ihrer empirischen Arbeit mit theoretischer Fundierung die Bedeutung unternehmerischer Nachhaltigkeit und ihrer Kommunikation für die Financial Community. Im Mittelpunkt steht die Frage, ob unternehmerische Nachhaltigkeit trotz der Fokussierung auf Ökonomisches seitens...

AbstractThe Effect of Investor Relations on Income Objectives andMeeting ExpectationsBy: Marcus KirkOver a quarter of publicly listed firms employ National InvestorRelationsInstitute (NIRI) members. Yet we know little about the impact ofinvestor relations (IR)for these firms. I examine the role...

Moral Hazard and the Agency Costs thereof have long been accepted arguments in venture finance theory and have therefore long been accepted shortcomings in the venture capitalist / entrepreneur relationship. In psychological experiments ? including economic ? it has been shown that human beings...

This paper examines the impact of corporate governance practices on the reported cost of contracted debt for Australian listed companies. Good governance decreases the variability in cash flows, reduces the probability of default (reduces default risk), increases the quality of value-relevant...

In this thesis, I explore the topic of chief executive officer (CEO) compensation in UK publicly traded firms. My objective is threefold. First of all, I investigate debt-holders‟ reaction to CEO compensation in terms of the cost of debt financing. Secondly, I examine the possible link between...

The costs and constraints to financing, and the factors that influence them, play critical roles in the determination of corporate capital structures. Chapter 1 estimates firm-specific marginal cost of debt functions for a large panel of companies between 1980 and 2007. The marginal cost curves...

In this paper, we investigate the effect of financial restatements on the debt market.Specifically, we focus on the secondary loan market, which has become one of the largest capitalmarkets in the US, and ask the following: (1) whether financial restatements increase restatingfirm’s cost of...