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Jackson, Patricia; Davies, Howard; Miles, David; … - SUERF Conference on Banking Reform <2015, London>; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Persistent link: https://www.econbiz.de/10011554963

Insurance and the corporate cost of capital

Wieczorek-Kosmala, Monika - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 1, pp. 61-71

The purpose of the paper is to provide some support to the thesis that insurance may reduce the cost of capital in a company by influencing both the cost of capital components and the need for rising capital. The problem is here perceived from two perspectives the classical concept related to...

Persistent link: https://www.econbiz.de/10009575951

The Influence of Growth, Asset Tangibility, Cost of Debt, Profitability and Business Risk on Debt Capital

Arilyn, Erika Jimena - 2020

Objective - The aims to identify the significant factors that influence a company's decision to use debt capital.Methodology/Technique - This study uses 5 independent variables namely; firm growth (growth rate in total gross assets), asset tangibility (ratio of net fixed assets to total assets),...

Persistent link: https://www.econbiz.de/10012842722

Entrepreneur's Wealth, Firm Performance and Cost of Capital : A Bayesian Approach to the Capital Structure of Entrepreneurial Ventures

Moro, Andrea - 2016

We model theoretically the optimal capital structure of entrepreneurial firm relying on an endogenous estimation of the return requested by entrepreneurs that compensates for the risk they incur in case of bankruptcy. We estimate the probability according to the Bayesian approach. We also...

Persistent link: https://www.econbiz.de/10013008393

Corporate Financial Hedging and the Cost of Equity Capital

Ahmed, Hany; Guney, Yilmaz - 2022

Using a large panel of UK public firms, we examine the relationship between the financial risk hedging and the cost of … is priced in investors’ expectations. While financial risk hedging serves as a vehicle for firms to alleviate cash flows … addition, we hypothesize and test whether the nature of relation between financial risk hedging and cost of equity capital …

Persistent link: https://www.econbiz.de/10013305953

How does excess cash affect corporate financial performance?

Kalash, Ismail - In: Journal of applied accounting research 25 (2024) 5, pp. 1223-1243

Persistent link: https://www.econbiz.de/10015418725

Corporate Hedging and Financial Contracting

Ferguson, Michael F. - 2012

This paper develops a theory of corporate hedging in a financial contracting framework. In an economy with moral hazard … holding equity, hedging mitigates incentive problems related to debt contracts and, thus, lowers the cost of debt and enables … consistent with extant empirical evidence. For example, hedging will be more likely to be used with bank finance than with non …

Persistent link: https://www.econbiz.de/10013114726

Corporate Hedging, Financial Distress, and Product Market Competition

Zhu, Margaret Rui - 2011

The paper investigates the relationship between corporate hedging and product market competition. Using a broad sample …

Persistent link: https://www.econbiz.de/10013128617

Application of cost of capital for capital structuring in Croatian firms

Orsag, Silvije; Mitar, Josip - In: UTMS journal of economics / University of Tourism and … 5 (2014) 2, pp. 151-158

This paper show result of empirical analysis application of cost of capital for capital structuring in Croatian firms. Intensity of this applications is highly unrespectable because Croatian firms usually calculated cost of capital in their capital budgeting process. Analysis also show low...

Persistent link: https://www.econbiz.de/10010439142

The cost of capital of the financial sector

Adrian, Tobias; Friedman, Evan; Muir, Tyler - 2015

Standard factor pricing models do not capture well the common time-series or cross-sectional variation in average returns of financial stocks. We propose a five-factor asset pricing model that complements the standard Fama and French (1993) three-factor model with a financial sector ROE factor...

Persistent link: https://www.econbiz.de/10011410520