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mechanism and the liquidity channel. …
Persistent link: https://www.econbiz.de/10011916849
factors. In this regard, liquidity is hypothesized to moderate the relationship between debt and financial performance and … this study will simultaneously estimate the optimal liquidity level that could optimize the financial performance of REITs …; Perron, 2006) to analyze the moderating effects of liquidity and the optimal liquidity level on the debt …
Persistent link: https://www.econbiz.de/10014544644
, particularly since the 2008 crisis. After some background on QFCs and automatic stays, we provide our joint analysis of the costs …
Persistent link: https://www.econbiz.de/10009504439
suppliers provide liquidity to their distressed clients or not …
Persistent link: https://www.econbiz.de/10010410795
This paper studies how liquidity shocks that affect financial intermediaries are propagated to the real economy. Loans … financial intermediaries face tight borrowing constraints (i.e. liquidity risk premium). This liquidity risk faced by financial …
Persistent link: https://www.econbiz.de/10013128733
We present novel empirical evidence on the use of off-balance sheet financing by publicly traded, U.S. non-financial firms. We find that about 5 percent of non-financial firms reported using a special purpose financing vehicle (SPV) to finance receivables in 2006. At the origination of the...
Persistent link: https://www.econbiz.de/10013133307
categories of firm. Some of the changes in returns reflect changes in liquidity, while the remainder reflect adjustments to the …
Persistent link: https://www.econbiz.de/10013133544
outcomes during systemic liquidity crises. I investigate if this is true for East Asian firms that had raised equity and debt … capital abroad, had better crisis and post-crisis period liquidity and other operational outcomes than otherwise comparable … constrained during and after the crisis. To highlight the liquidity constraints channel, I show that crisis and post-crisis period …
Persistent link: https://www.econbiz.de/10013096810
In this paper, we compare different methods for computing default probabilities using a sample of banks that experienced financial distress during the 2007–2009 global financial crisis. The traditional KMV-Merton model for firm valuation, credit ratings by rating agencies and a recently...
Persistent link: https://www.econbiz.de/10013097198
practitioners from a wide range of countries who together provide detailed analysis on the provisions in their jurisdiction for cash …
Persistent link: https://www.econbiz.de/10013100209