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This paper studies the impact of sovereign debt rating changes on liquidity for stocks from 40 countries for the period … 1990-2009. We find that sovereign rating changes significantly affect stock liquidity. The impact is stronger for … impact on stock liquidity. We also find that some stock characteristics and country legal and macroeconomic environment are …
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legal solvency tests that experts, lawyers, and judges must apply in solvency litigation. A simple model of a debtor firm … shows why a positive equity value does not imply solvency under either of two widely-used legal solvency tests. This links a … well-known financial economic insight to legal solvency tests. This is of practical importance as market evidence becomes …
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not to pay dividends is influenced by low agency costs, high debt, over-liquidity, and excessive investment opportunities …
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operating around the world in a wide variety of industries and sectors. The period of analysis spread over a decade (2007Q1 …
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The following paper aims at identifying whether several factors such as credit rating, liquidity, financial leverage … study adopted multiple regression analysis to measure the impact of the variables on profitability. The results have shown …
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