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Unexpected Inflation, Capital Structure, and Real Risk-Adjusted Firm Performance
Alcock, Jamie; Steiner, Eva - 2023
reducing the sensitivity of real risk-adjusted returns to unexpected inflation. The Net Asset Value (NAV) of US equity Real … inflation hedging qualities are inversely related to deviations from this “matching- nominals” argument. In addition to … tools to infer inflation-hedging qualities of equity investments …
Persistent link: https://www.econbiz.de/10014257185
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Capital Market Financing, Firm Growth, and Firm Size Distribution
Didier, Tatiana - 2015
How many and which firms issue equity and bonds in domestic and international markets, how do these firms grow relative to non-issuing firms, and how does firm performance vary along the firm size distribution (FSD)? To evaluate these questions, we construct a new dataset by matching data on...
Persistent link: https://www.econbiz.de/10013016667
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Capital Market Financing, Firm Growth, and Firm Size Distribution
Didier, Tatiana; Levine, Ross; Schmukler, Sergio L. - 2021
How many and which firms issue equity and bonds in domestic and international markets, how do these firms grow relative to non-issuing firms, and how does firm performance vary along the firm size distribution (FSD)? To evaluate these questions, we construct a new dataset by matching data on...
Persistent link: https://www.econbiz.de/10013248890
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Equity Risk Premiums (ERP) : Determinants, Estimation and Implications – The 2019 Edition
Damodaran, Aswath - 2020
The equity risk premium is the price of risk in equity markets, and it is a key input in estimating costs of equity and capital in both corporate finance and valuation. Given its importance, it is surprising how haphazard the estimation of equity risk premiums remains in practice. We begin this...
Persistent link: https://www.econbiz.de/10012849412
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To Rent or To Own? The Effect of Additional Transaction Tax on Buy-to-Let Housing Market
Lai, Hang; Milcheva, Stanimira - 2023
In recent years, UK housing policy has sought to restrict investment behaviour and increase the homeownership rate. This paper contributes to the literature by estimating the effect of a 3% additional transaction tax, known as stamp duty land tax (SDLT), on the Buy-to-Let (BTL) market in the UK....
Persistent link: https://www.econbiz.de/10014350985
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Market Reaction to Information Technology Investment Announcements in Russian Firms
Boyko, Xenia - 2014
This study examines the stock market reaction to announcements of information technology (IT) investments by Russian firms. While several similar studies have been published in the context of highly developed economies like the USA, very few such studies have been conducted in transition...
Persistent link: https://www.econbiz.de/10013049130
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Capital market financing, firm growth, and firm size distribution
Didier, Tatiana; Levine, Ross; Schmukler, Sergio L. - 2016
How many and which firms issue equity and bonds in domestic and international markets, how do these firms grow relative to non-issuing firms, and how does firm performance vary along the firm size distribution (FSD)? To evaluate these questions, we construct a new dataset by matching data on...
Persistent link: https://www.econbiz.de/10011974670
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Can Capital Structure Influence the Performance of the Firm? Evidence from India
Tripathy, Dr. Sasikanta - 2019
theory and the static trade-off theory, both seem to explain Indian firms' decisions among the three alternative theories of … capital structure. This paper also supports to the agency cost theory …
Persistent link: https://www.econbiz.de/10012890086
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Corporate Debt Maturity and Future Firm Performance Volatility
Adachi‐Sato, Meg - 2018
We propose a simple idea that corporate debt maturity should serve as a good indicator of future firm performance volatility. We show in a simple two-period model that the riskiness of corporate investment is a decreasing function of corporate debt maturity. If “observable” corporate debt...
Persistent link: https://www.econbiz.de/10012937149