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Credit cycles and corporate investment : direct tests using survey data on banks’ lending practices

Madsen, Jakob Brøchner; Carrington, Sarah J. - In: Journal of macroeconomics 34 (2012) 2, pp. 429-440

Persistent link: https://www.econbiz.de/10009689376

Palazzo, Berardino - 2020

This paper proposes a risk-based explanation of the negative relation between credit spreads and expected equity returns found in the data. In a model where issuing equity is costly and debt has a tax advantage, firms optimally choose a lower net leverage if their cash flows are more correlated...

Persistent link: https://www.econbiz.de/10012857218

Why do firms issue guaranteed bonds?

Chen, Fang; Huang, Jing-Zhi; Sun, Zhenzhen; Yu, Tong - In: Journal of banking & finance 119 (2020), pp. 1-17

Persistent link: https://www.econbiz.de/10012521181

Debt structure instability using machine learning

Qi, Qianru; Wang, Jing - In: Journal of financial stability 57 (2021), pp. 1-15

Persistent link: https://www.econbiz.de/10013362269

Bank loan maturity and corporate investment

Deniz, Burak; Yarba, İbrahim - 2024

Persistent link: https://www.econbiz.de/10014532275

The effects of credit default swaps on corporate investment

Hong, Jieying; Wang, Na - In: The European journal of finance 27 (2021) 3, pp. 260-277

Persistent link: https://www.econbiz.de/10012424945

Bank loan maturity and corporate investment

Yarba, İbrahim; Deniz, Burak - In: Central Bank review / Central Bank of the Republic of Turkey 24 (2024) 4, pp. 1-8

This study analyzes bank loan maturity and corporate investment linkage by using novel firm-level data covering the …-dimensional fixed effects reveal that loan maturity has a significant positive association with investment, indicating that longer debt … maturity fosters corporate investment. The results reveal that the positive linkage between longer debt maturity and investment …

Persistent link: https://www.econbiz.de/10015410474

Financial fragility and the distribution of firm growth rates

Bottazzi, Giulio; Secchi, Angelo - 2013

Analyzing a comprehensive database of limited liability manufacturing firms this paper investigates the relation between a firm’s financial situation and its conditional expected growth rate. Specifically, using quantile regressions, we obtain a quantitative characterization of this relation...

Persistent link: https://www.econbiz.de/10009760791

Issuer bias in corporate ratings toward financially constrained firms

Hasan, Mohammad; Kapadia, Nikunj; Siddique, Akhtar R. - In: The journal of credit risk : published quarterly by … 13 (2017) 4, pp. 1-35

Persistent link: https://www.econbiz.de/10012041610

Fintech development and corporate credit risk : evidence from an emerging market

Tan, Changchun; Mo, Lingyu; Wu, Xiaomeng; Zhou, Peng - In: International review of financial analysis 92 (2024), pp. 1-15

Persistent link: https://www.econbiz.de/10014492373