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structure is path-dependent. Leverage accounts for most of the macroeconomic risk relevant for predicting defaults. The paper …
Persistent link: https://www.econbiz.de/10009441273
We examine financial constraints and forms of finance used for investment, by analysing survey data on 157 large … assets as appropriate types of finance for their investment programmes. Preferences for raising finance in the form of equity …
Persistent link: https://www.econbiz.de/10009476697
We study whether Russian Financial-Industrial Groups facilitate access by Russian firms to investment finance. We … control set of large firms categorized by dispersed ownership or/and management and employee control. We find that investment … reallocation hide opportunistic value transfer across firms. Specifically, we assess the quality of the investment process in group …
Persistent link: https://www.econbiz.de/10009477477
In this paper we use a survey of 281 Czech, Hungarian and Polish newly established small private firms in order to shed some light on the constrains these firms face in the credit market. The results of our survey show that imperfections in capital markets in Central European economies do not...
Persistent link: https://www.econbiz.de/10009477534
Green technological progress bears a strong potential to alleviate climate change, but its utilization is contingent on factors which are by nature impossible to anticipate or predict. Developing stochastic optimisation models, we explore how the decision to invest in research and development...
Persistent link: https://www.econbiz.de/10009466981
financial investment market has further significantly reduced with the value of the councils' investments losing many more … Government Act (1993), local councils had pursued high return high risk investment strategies. This paper reviews and evaluates …; and the impact of these investment related losses on the ability of NSW local councils to provide current and future …
Persistent link: https://www.econbiz.de/10009457475
secondary mortgage markets. The investment behavior of real estate assets. The development of REITs and securitized debt markets … presents some of the major concepts, principles, analytical methods and tools useful for making investment and finance …, portfolio or firm level decisions and investment management considerations. (More fundamental "micro" level analysis, pertaining …
Persistent link: https://www.econbiz.de/10009432644
ESMA provides further details on trade reporting in updated EMIR Q&AThe European Securities and Markets Authority (ESMA) has issued today updated Question & Answers (Q&As) on the implementation of the European Markets Infrastructure Regulation (EMIR). These updated Q&As clarify, among others,...
Persistent link: https://www.econbiz.de/10010335226
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