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Do stronger creditors' rights and an efficient bankruptcy process affect the speed of adjustment to target capital structure? : evidence from a quasi-natural experiment

Rawal, Dilesh; Mahakud, Jitendra; Mishra, Rohan Kumar - In: Cogent economics & finance 12 (2024) 1, pp. 1-13

This study investigates the impact of the Insolvency and Bankruptcy Code (IBC) on the capital structure speed of … financial strategies and align with the dynamic trade-off theory, highlighting firms' active adjustment towards optimal capital …, regulators, and corporate executives. The objective of this study was to investigates the effect of the Insolvency and Bankruptcy …

Persistent link: https://www.econbiz.de/10015338056

Determinants of debt maturity structure : evidence in Vietnam

Nguyen Kim Quoc Trung - In: Cogent business & management 9 (2022) 1, pp. 1-27

2010 to 2019. Agency cost theory, signaling theory, tax-based theory, and matching theory are discussed as platform …

Persistent link: https://www.econbiz.de/10014431867

Financial leverage and debt maturity targeting : international evidence

Gungoraydinoglu, Ali; Öztekin, Özde - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-36

We provide evidence on leverage and debt maturity targeting in a large international setting. There are key differences in the relative importance of institutional factors in explaining actual as opposed to target capital structures. Targets and target deviations are plausibly influenced by the...

Persistent link: https://www.econbiz.de/10012628492

Green credit policy, credit discrimination and corporate debt financing

Guo, Junjie; Fang, Ying - In: China economic quarterly international : CEQI 4 (2024) 1, pp. 42-54

Using the data of listed companies and the DID method, this paper reveals three ways in which green credit policy (GCP) affects corporate debt financing, By controlling credit input, GCP can effectively restrain corporate debt financing in the "two-high" industries, However, the policy also...

Persistent link: https://www.econbiz.de/10014514828

Debt maturity of different types of debt

Lim, Yuree - In: Cogent economics & finance 12 (2024) 1, pp. 1-17

securities. Also, this research finds that different types of debt are explained differently by existing debt maturity theory …

Persistent link: https://www.econbiz.de/10015393857

Improving the efficacy of carbon tax policies

Appelbaum, Elie - In: Journal of government and economics : JGE 4 (2021), pp. 1-13

This paper examines the efficacy of carbon tax policies in view of the interactions between such policies and the firm’s carbon efficiency and financing decisions. We show that because the government, unlike capital markets, does not price its policy’s risk by taking into account default...

Persistent link: https://www.econbiz.de/10013263117

Effects of easing LTV·DTI regulations on the debt structure and credit risk of borrowers

Kim, Meeroo; Oh, Yoon Hae - In: KDI-journal of economic policy 43 (2021) 3, pp. 1-32

With CB data in South Korea, this study examines whether the credit risk of borrowers changes when the regulation on bank mortgage supply is relaxed. We analyze the effect of deregulation on LTV and DTI limits in the Seoul-metropolitan area in August 2014 with a differencein-difference approach....

Persistent link: https://www.econbiz.de/10012643434

Insolvency risk and value maximization : a convergence between financial management and risk management

Gennaro, Alessandro - In: Risks : open access journal 9 (2021) 6, pp. 1-36

This conceptual paper focuses on the relationship between insolvency, capital structure, and value creation. The aim is … on insolvency risk will be defined by recalling the concepts of Cash Flow-at-Risk and Capital-at-Risk. A first check on … through a simulation model. The scenario analysis allows us to examine how financial and risk policies oriented by insolvency …

Persistent link: https://www.econbiz.de/10012597149

Corporate board vigilance and insolvency risk : a mediated moderation model of debt maturity and fixed collaterals

Hussain, Rana Yassir; Wen, Xuezhou; Hussain, Haroon; … - In: International journal of management and economics 57 (2021) 1, pp. 14-33

Studies indicate that a consistent rise in insolvency risk should be addressed at the strategic level. Vigilant boards … can use leverage maturity structure as a tool to control insolvency risk. However, according to the information asymmetry … theory, leverage acquisition is subject to the presence of fixed assets which can be used as collateral. The current study …

Persistent link: https://www.econbiz.de/10012519593

Why do countries in financial distress strategically delay seeking help?

Tsoulouhas, Theofanis C. - In: Journal of government and economics : JGE 2 (2021), pp. 1-11

The paper differs from current literature by providing a systematic analysis of the relationship between sovereign debt, financial distress and political career concerns via a novel game-theoretic model, in order to analyze the strategic behavior of governments in revealing financial distress...

Persistent link: https://www.econbiz.de/10012803215