Showing 1 - 10 of 1,565
This study investigates the impact of Environmental, Social, and Governance (ESG) investments on corporate debt … may initially restrict access to debt financing. Nonetheless, FSD serves as an important moderating variable, converting …
Persistent link: https://www.econbiz.de/10015337379
. Policies that subsidize debt and indirectly penalize equity through taxes and implicit guarantees are distortive. And while … debtś informational insensitivity may provide valuable liquidity, increased capital (and reduced leverage) can enhance this … benefit. Finally, suggestions that high leverage serves a necessary disciplining role are based on inadequate theory lacking …
Persistent link: https://www.econbiz.de/10010203632
also incorrect to translate higher taxes paid by banks to a social cost. Policies that subsidize debt and indirectly … should be given directly and not in ways that encourage leverage. Finally, suggestions that high leverage serves a necessary …, and that high leverage is not necessary for banks to perform all their socially valuable functions, including lending …
Persistent link: https://www.econbiz.de/10010286715
the cost of credit. Public subsidies of debt financing through tax shields and implicit guarantees may make equity … “expensive” but do not make sense given the negative externalities associated with leverage. Some have suggested that debt serves …While it is recognized that the high degree of leverage used by financial institutions creates systemic risks and other …
Persistent link: https://www.econbiz.de/10013149380
development (the recent expansion of domestic equity and debt capital markets). Accordingly, the paper provides the first insights … recent years of equity and (to a lesser extent) corporate debt capital markets, the capital structure of Vietnamese … enterprises continue to have preferential access to finance and that high growth firms still rely principally on external debt …
Persistent link: https://www.econbiz.de/10013109828
debt's informational insensitivity may provide valuable liquidity, increased capital (and reduced leverage) can enhance …. Policies that subsidize debt and indirectly penalize equity through taxes and implicit guarantees are distortive. And while … this benefit. Finally, suggestions that high leverage serves a necessary disciplining role are based on inadequate theory …
Persistent link: https://www.econbiz.de/10010205922
also incorrect to translate higher taxes paid by banks to a social cost. Policies that subsidize debt and indirectly … should be given directly and not in ways that encourage leverage. Finally, suggestions that high leverage serves a necessary …, and that high leverage is not necessary for banks to perform all their socially valuable functions, including lending …
Persistent link: https://www.econbiz.de/10008662565
In the last dozen years, economists have produced a considerable body of research suggesting that the historical origin of a country’s laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. Much of this research has dealt with rules...
Persistent link: https://www.econbiz.de/10014025558
We examine corporate lobbying as a means of influencing federal securities class action litigation outcomes and increasing firm value for financial firms. First, we show that political lobbying lowers litigation likelihood for financial institutions. Secondly, lobbying firms experience a higher...
Persistent link: https://www.econbiz.de/10012932296
We examine the relationship between corporate lobbying, shareholder-based litigation outcomes, and firm value for financial firms. First, we show that political lobbying lowers the litigation likelihood for financial institutions. Secondly, lobbying firms experience a higher likelihood of having...
Persistent link: https://www.econbiz.de/10012944489