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apologized and acknowledged a “moral debt” that it owes the Haitian people. But is there a legal debt that Haiti, one of the …
Persistent link: https://www.econbiz.de/10013290746
Evidence shows that managers' debt-like compensation (i.e., inside debt) aligns their incentives with lenders …', reducing the agency cost of debt. We examine how changes in the contracting environment affect the use of inside debt in debt … contracting. We find evidence of reduced reliance on inside debt for debt contracting when borrowers have credit constraints …
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Recent theories of crisis put lending booms at the root of financial collapses. Yet lending booms may be a natural consequence of economic development and fluctuations. So are lending booms dangerous? In this paper, we investigate empirically this question using a broad sample of lending boom...
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This study empirically analyzes the effect of debt origin on investment efficiency. According to previous studies that … report that the quality of financial reporting may vary depending on the origin of the debt, the empirical analysis predicted … that the effects of the origin of the debt on investment efficiency would be differential. Debt origin was divided into …
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particular, the interplay between government debt and private leverage is attracting increasing attention in the current context …
Persistent link: https://www.econbiz.de/10011664051
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