Narrow search
Showing 1 - 10 of 1,992
Cover Image
Equity capital, bankruptcy risk and the liquidity trap
Levintal, Oren - 2011
This paper explains the emergence of liquidity traps in the aftermath of large-scale financial crises, as happened in the US 1930s, Japan 1990s and recently in the US and Europe. The paper introduces a new balance sheet channel that links equity capital to the risk-free interest rate. When...
Persistent link: https://www.econbiz.de/10010335985
Cover Image
Impact of Business Cycles on Retail and Wholesale Firms’ Asset Values Leverage Ratios and Cash Flows : Evidence from U.S. Listed Firms
Kaya, Halil Dincer - 2013
-term debt and cash flow levels between retail and wholesale firms over the business cycle. We test for differences in inventory … retailers tend to do worse in recessions when compared to the wholesalers. We find that net working capital and long-term debt … working capital and more long-term debt in the recessionary period compared to the expansionary period. Interestingly …
Persistent link: https://www.econbiz.de/10013084769
Cover Image
An empirical analysis of Minsky regimes in the US economy
Davis, Leila E.; Souza, João Paulo A. de; Hernandez, … - 2017
In this paper we analyze Minskian dynamics in the US economy via an empirical application of Minsky's financing regime classifications to a panel of nonfinancial corporations. First, we map Minsky's definitions of hedge, speculative and Ponzi finance onto firm-level data to describe the...
Persistent link: https://www.econbiz.de/10011599096
Cover Image
Strategic trading and trade reporting by corporate insiders
Betzer, André; Gider, Jasmin; Metzger, Daniel; … - 2011
Regulations in the pre-Sarbanes-Oxley era allowed corporate insiders considerable flexibility in strategically timing their trades and SEC filings, for example, by executing several trades and reporting them jointly after the last trade. We document that even these lax reporting requirements...
Persistent link: https://www.econbiz.de/10010308553
Cover Image
Strategic trading and trade reporting by corporate insiders
Betzer, André; Gider, Jasmin; Metzger, Daniel; … - 2011
Regulations in the pre-Sarbanes-Oxley era allowed corporate insiders considerable flexibility in strategically timing their trades and SEC filings, e.g., by executing several trades and reporting them jointly after the last trade. We document that even these lax reporting requirements were...
Persistent link: https://www.econbiz.de/10010291113
Cover Image
Strategic trading and trade reporting by corporate insiders
Betzer, André; Gider, Jasmin; Metzger, Daniel; … - 2009
In the pre-Sarbanes-Oxley era corporate insiders were required to report trades in shares of their firm until the 10th of the month following the trade. This gave them considerable flexibility to time their trades and reports strategically, e.g., by executing a sequence of trades and reporting...
Persistent link: https://www.econbiz.de/10003919398
Cover Image
Strategic trading and trade reporting by corporate insiders
Betzer, André; Gider, Jasmin; Metzger, Daniel; … - 2011
Regulations in the pre-Sarbanes-Oxley era allowed corporate insiders considerable flexibility in strategically timing their trades and SEC filings, for example, by executing several trades and reporting them jointly after the last trade. We document that even these lax reporting requirements...
Persistent link: https://www.econbiz.de/10008822941
Cover Image
A dialogue on the costs and benefits of automatic stays for derivatives and repurchase agreements
Duffie, Darrell; Skeel, David - 2012 - Last rev.: March 04, 2012
For nearly two years, the two of us have had a running discussion of the costs and benefits of automatic stays in bankruptcy for qualified financial contracts (QFCs) such as derivatives and repurchase agreements, particularly those held by systemically important major dealer banks. Under current...
Persistent link: https://www.econbiz.de/10009504439
Cover Image
Elective shareholder liability
Conti-Brown, Peter - 2011
structure to include dramatically less debt, consistent with a consensus recommendation of leading economists; or, alternatively …
Persistent link: https://www.econbiz.de/10009506648
Cover Image
When heirs become major shareholders : evidence on tunneling and succession through related-party transactions
Kim, U-chʾan; Hwang, Sunwoo - 2014
In family firms, the succession of controlling equity stake to next generation is an issue of paramount importance. This, however, can be a major challenge in the presence of heavy inheritance or gift tax burden (high tax rate and absence of tax-saving vehicles, such as trusts or foundations)...
Persistent link: https://www.econbiz.de/10010355189