Showing 1 - 10 of 331
Persistent link: https://www.econbiz.de/10013472746
This paper investigates empirically the linkages between corporate debt overhang and investment activity at the firm level for a cross section of large-sized emerging market and developing economies. It analyzes the extent to which investment may be discouraged by high levels of debt that put at...
Persistent link: https://www.econbiz.de/10011903156
This paper investigates empirically the linkages between corporate debt overhang and investment activity at the firm level for a cross section of large-sized emerging market and developing economies. It analyzes the extent to which investment may be discouraged by high levels of debt that put at...
Persistent link: https://www.econbiz.de/10012912279
Persistent link: https://www.econbiz.de/10001672984
This paper investigates whether the debt quality matters and the role of debt maturity choice. At corporate level, the … mismatch between the debt maturity and other performance drivers widespread unexpected risks. Shortening the maturity … incentivise more liquid investments, usually the less productive ones. In the same time, the shorter is the maturity of debt the …
Persistent link: https://www.econbiz.de/10013064919
Persistent link: https://www.econbiz.de/10012270599
Persistent link: https://www.econbiz.de/10003846716
We derive a firm's optimal capital structure and managerial compensation contract when employees are averse to bearing their own human capital risk, while equity holders can diversify this risk away. In the presence of corporate taxes, our model delivers optimal debt levels consistent with those...
Persistent link: https://www.econbiz.de/10003450569
Persistent link: https://www.econbiz.de/10003624823
Persistent link: https://www.econbiz.de/10009500173