currency depreciations. The increase in investments has been financed mainly via debt issues. The evidence provided here …

We analyze the optimal debt structure of multinational corporations choosing between centralized or decentralized …

inside debt only if it is unsecured. Second, the relation between credit spreads and equity incentives varies depending on … the features of inside debt. …

, especially in times of crisis. This paper presents the receivables/debts management system known as Debt Collection Prevention … and in shaping managerial decisions with- and without the application of the Debt Collection Prevention system, which can …

currency depreciations. The increase in investments has been financed mainly via debt issues. The evidence provided here … Monetary Union (EMU) ; the euro ; valuation ; investment ; debt ; equity ; cost of capital ; currency risk …

In his basic model of debt renegotiation, Bester (1994) argues that collateral is more effective if high risk projects …

This paper develops a new model of debt renegotiation in a structural framework, that accounts for both taxes and … coupon reduction to creditors, given that the new coupon is chosen such that debt value remains constant. Our result shows … firm without hurting the creditors. This model of debt renegotiation can be viewed as a way of passing from a junk bond to …

Venture debt, or loans to rapid-growth start-ups, is a puzzle. How are start-ups with no track records, positive cash …? And why do start-ups take on debt rather than rely exclusively on equity investments from angel investors and venture … puzzle of venture debt by revealing that a start-up's VC backing and intellectual property substitute for traditional loan …