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Leveraging SME finance through value chains in Kazakhstan
Kapparov, Kassymkhan - 2019
One of the major issues for SME development has been access to finance. This paper examines the current state of SME development and financing in Kazakhstan. It also examines the current state of the development of value chains and discusses barriers for agriculture value chain financing. The...
Persistent link: https://www.econbiz.de/10012113904
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Bank credit and market-based finance for corporations : the effects of minibond issuances
Ongena, Steven; Pinoli, Sara; Rossi, Paola; Scopelliti, … - 2020
-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
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Bank credit and market-based finance for corporations : the effects of minibond issuances
Ongena, Steven; Pinoli, Sara; Rossi, Paola; Scopelliti, … - 2020
their leverage …
Persistent link: https://www.econbiz.de/10012419623
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Bank credit and market-based finance for corporations : the effects of minibond issuances
Ongena, Steven; Pinoli, Sara; Rossi, Paola; Scopelliti, … - 2021
issuer firms expand their total assets and fixed assets, and also raise their leverage …
Persistent link: https://www.econbiz.de/10012614108
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Market timing of long-term debt issuance
Witmer, Jonathan - 2009
The literature on market timing of long-term debt issuance yields mixed evidence that managers can successfully time … their debt-maturity issuance. The early results that are indicative of debt-maturity timing are not robust to accounting for … structural breaks or to other measures of debt maturity from firm-level data that account for call and put provisions in debt …
Persistent link: https://www.econbiz.de/10003933249
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Cryptocurrency market reactions to regulatory news
Auer, Raphael A.; Claessens, Stijn - 2020
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations, transaction volumes and user bases react substantially to news about regulatory actions. The impact depends on the specific regulatory category to which the news relates: events...
Persistent link: https://www.econbiz.de/10012205633
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Multiple buffer CoCos and their impact on financial stability
Neamtu, Ioana - 2020
global games methodologies. Contingent convertible bonds are meant to act as a bail-in mechanism for banks, where CoCo debt …
Persistent link: https://www.econbiz.de/10012161027
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Do founders control start-up firms that go public?
Broughman, Brian J.; Fried, Jesse M. - 2018
Black & Gilson (1998) argued that an IPO-welcoming stock market stimulates venture deals by enabling VCs to give founders a valuable “call option on control”. We study 18,000 startups to investigate the value of this option. Among firms that IPO, 60% of founders are no longer CEO. With...
Persistent link: https://www.econbiz.de/10011923697
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The deep-pocket effect of internal capital markets
Boutin, Xavier; Cestone, Giacinta; Fumagalli, Chiara; … - 2009
We provide evidence suggesting that incumbents' access to group deep pockets has a negative impact on entry in product markets. Relying on a unique French data set on business groups, our paper presents three major findings. First, the amount of cash holdings owned by incumbent-affiliated groups...
Persistent link: https://www.econbiz.de/10008824490
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Taxes and the choice of organizational form by entrepreneurs in Sweden : [This working paper is an extended and indepth version of the analysis in IFN working paper no 907]
Edmark, Karin; Gordon, Roger H. - 2013
This paper estimates the role of both tax and non-tax determinants in the choice in Sweden to be a closely …-income individuals face relatively neutral incentives, higher income individuals face strong tax incentives to be corporate. The data … suggest a relatively strong correlation between these tax incentives and the likelihood that a firm is corporate. Many …
Persistent link: https://www.econbiz.de/10010206838