Showing 111 - 120 of 70,849
Persistent link: https://www.econbiz.de/10012160993
Persistent link: https://www.econbiz.de/10011762789
Persistent link: https://www.econbiz.de/10014631407
This paper investigates the determinants of liability maturity choice in transition markets. We formulate a model of …, signaling, maturity matching, and agency costs for the liability term structure of firms operating in a transition economy. In … addition, we find that companies do not react uniformly to determinants of debt maturity. Firms that mainly rely on external …
Persistent link: https://www.econbiz.de/10014218313
Persistent link: https://www.econbiz.de/10014235029
Deleveraging, whether via reductions in debt or increases in assets, is costly due to value transfers from shareholders to creditors. It is especially costly in the presence of long-term debt and when the need to deleverage is high. This paper, first, provides empirical evidence consistent with...
Persistent link: https://www.econbiz.de/10014236515
This paper examines whether the relative power in the CEO–CFO relationship influences the corporate debt maturity …-opted CFOs have a positive effect on longer-term maturity debt and this effect is more pronounced among firms with weak external …
Persistent link: https://www.econbiz.de/10014239149
Persistent link: https://www.econbiz.de/10014248945
How do firms manage debt maturity in the presence of investment opportunities? I document empirically that US … corporations lengthen their average maturity of debt when output and investment rates are larger. To explain these findings, I …
Persistent link: https://www.econbiz.de/10013405100
Persistent link: https://www.econbiz.de/10013353173