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A Note on the Price of Trade Credit
Chludek, Astrid K. - 2011
In contrast to common literature that suggests that trade credit is an extremely expensive source of financing with annual interest rates exceeding 40 percent, this paper argues that the average interest rate of trade credit does not exceed the cost of alternative funds, with estimated average...
Persistent link: https://www.econbiz.de/10013133213
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Einfache ökonometrische Verfahren für die Kreditrisikomessung : Logit- und Probit-Modelle
Kaiser, Ulrich - 2000
Persistent link: https://www.econbiz.de/10013444419
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Trade credit and pricing : an empirical evaluation
Amberg, Niklas; Jacobson, Tor; Schedvin, Erik von - 2018
credit. Using a comprehensive Swedish panel dataset on product-level transaction prices and firm-characteristics, we relate …
Persistent link: https://www.econbiz.de/10011857364
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Multi-period credit default prediction with time-varying covariates
Orth, Walter - 2011 - First draft: March 17, 2011
-period predictions ; hazard models ; panel data ; out-of-sample tests …
Persistent link: https://www.econbiz.de/10008939079
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Observation driven mixed-measurement dynamic factor models with an application to credit risk
Creal, Drew; Schwaab, Bernd; Koopman, Siem Jan; Lucas, … - 2011
model for mixed-measurement and mixed-frequency panel data. In this framework time series observations may come from a range … simulation, thus enabling straightforward parameter estimation by standard maximum likelihood. We use the new mixed …
Persistent link: https://www.econbiz.de/10011383248
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An alternative test of the trade-off theory of capital structure
Canarella, Giorgio; Nourayi, Mahmoud; Sullivan, Michael J. - In: Contemporary economics 8 (2014) 4, pp. 365-386
The purpose of this paper is to investigate the stochastic behavior of corporate debt ratios utilizing a balanced panel … of 2,556 publicly traded US firms during the period 1997 - 2010. We partition the panel into ten economic sectors and … perform panel unit root tests on each sector employing book value and market value measures of debt ratio. First …
Persistent link: https://www.econbiz.de/10010520900
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Alternativa Para la Medicion de la Prima de Riesgo Pais en Valuacion de Empresas Sin Cotizacion Publica (Alternative for the Measurement of Country Risk Premium in Valuation of Clo...
Jaunarena, Bruno - 2012
El presente trabajo pretende contribuir al análisis y medición de la prima de riesgo país que se aplica en las finanzas corporativas para la valuación de empresas en mercados emergentes, especialmente aplicable a las particularidades que se presentan en las valoraciones de empresas de...
Persistent link: https://www.econbiz.de/10013106919
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Ownership Structure, Control Contestability, and Corporate Debt Maturity
Ben‐Nasr, Hamdi - 2015
The corporate governance literature has shown that self-interested controlling owners tend to divert corporate resources for private benefits at the expense of other shareholders. Such behavior leads the controlling owners to prefer long maturity debt to short maturity debt, to avoid frequent...
Persistent link: https://www.econbiz.de/10013014423
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Uncertainty, Capital Investment, and Corporate Diversification
Lee, Sangwon - 2019
This study examines how the effect of uncertainty on capital investment varies between focused firms and conglomerate segments. One advantage of conglomeration is that it gives segments access to the conglomerate's internal capital market, making them less likely to be financially constrained....
Persistent link: https://www.econbiz.de/10012904342
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Liquidity, Systemic Risk, and the Bankruptcy Treatment of Financial Contracts
Mokal, Riz - 2016
Persistent link: https://www.econbiz.de/10013002918