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Good news is bad news : leverage cycles and sudden stops

Akinci, Ozge; Chahrour, Ryan - 2014

Persistent link: https://www.econbiz.de/10011293869

Good news is bad news : leverage cycles and sudden stops

Akinci, Ozge; Chahrour, Ryan - 2015

We show that a model with imperfectly forecastable changes in future productivity and an occasionally binding collateral constraint can match a set of stylized facts about "sudden stop" events. "Good" news about future productivity raises leverage during times of expansion, increasing the...

Persistent link: https://www.econbiz.de/10011338832

Global liquidity, global risk appetite, and the risk of credit and asset booms

Socorro Gochoco-Bautista, Maria - In: The Philippine review of economics : a joint … 57 (2020) 2, pp. 146-169

Persistent link: https://www.econbiz.de/10012693484

Pricing corporate financial distress : empirical evidence from the French stock market

Mselmi, Nada; Hamza, Taher; Lahiani, Amine; Shahbaz, … - In: Journal of international money and finance 96 (2019), pp. 13-27

Persistent link: https://www.econbiz.de/10012139596

Stock illiquidity and firm characteristics

Gakhar, Divya Verma; Kundlia, Shweta - In: Market microstructure and liquidity 4 (2018) 3/4, pp. 1-30

Persistent link: https://www.econbiz.de/10012227894

Good news is bad news : leverage cycles and sudden stops

Akıncı, Özge; Chahrour, Ryan - In: Journal of international economics 114 (2018), pp. 362-375

Persistent link: https://www.econbiz.de/10012038041

Asymmetric Effects of Global Liquidity Expansion on Foreign Portfolio Inflows, Exchange Rates, and Stock Prices

Rhee, Dong-Eun - 2016

This paper examines the effects of global liquidity expansion on advanced and emerging economies by using panel VAR … methodology. The results show that global liquidity expansion tends to boost economy by increasing GDP growth and stock prices …. However, we find that the effects are asymmetric. The effects of global liquidity on GDP and stock prices are greater and more …

Persistent link: https://www.econbiz.de/10013006245

Asymmetric effects of global liquidity expansion on foreign portfolio inflows, exchange rates, and stock prices

Dong-Eun, Rhee; Da Young, Yang - In: Journal of East Asian economic integration 18 (2014) 2, pp. 143-161

Persistent link: https://www.econbiz.de/10011568335

Secured or Unsecured? The Role of Asset Market Liquidity in Debt Structure

Downs, David H.; Zheng, Chen; Zhu, Bing - 2023

We find evidence that asset market liquidity impacts a firm’s choice between secured and unsecured debt. We use real … liquidity of its assets. We find a positive relationship between the underlying asset market liquidity of a firm and its … unsecured-to-total-debt ratio; that an increase in a firm’s asset market liquidity leads to a positive incremental change in its …

Persistent link: https://www.econbiz.de/10014356080

Earnings response coefficients and default risk : case of Korean firms

An, Yohan - In: International journal of financial research 6 (2015) 2, pp. 67-71

Persistent link: https://www.econbiz.de/10011404769