Search Results - subject_exact:"Verschuldung von Unternehmen"

Government arrears and corporate policies : lessons from a natural experiment

Abad, José M.; Bermejo, Vicente J.; Cuñat, Vicente; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611089

Mapping firm debt and productivity with spatial analysis in the Visegrad countries

Reider-Pesti, Beáta; Suta, Alex; Tóth, Árpád - 2026

Economic crises significantly restrict corporate access to external financing, and regional differences in recovery capacity deserve close attention. This study examines the financial structure and debt of large enterprises in the Visegrád Four (V4) countries (Hungary, Czechia, Poland,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015643366

Beyond carry-trading : new insights into the uses of foreign-denominated bond issuances by Latin American firms

Pérez Artica, Rodrigo; Rabinovich, Joel; Zeolla, … - 2026

Corporate bond issuances originating from developing and emerging market economies have emerged as the primary catalyst for the expansion of global debt following the Global Financial Crisis, Although Asia has dominated this trend, Latin American firms have significantly contributed, emerging as...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644021

Flexible debt relief and credit behavior : evidence from loan-level data

Worarit Vannavanit; Sommarat, Chantarat; Lathaporn … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650751

Contract enforcement and young firm capital structure : a global perspective

Basante, Gonzalo; Simonovska, Ina - 2026

We develop a framework to measure the severity of financial constraints for young firms across countries. Using ORBIS balance-sheet data for 23 economies, we show that short-term leverage rises while long-term leverage falls early in firms' life cycles, with this pattern persisting longer where...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015632173

From theory to debt decisions : evidence on financial literacy among university students

Kovalova, Erika; Durana, Pavol; Zvarikova, Katarina; … - 2026

Financial literacy represents a fundamental competence in contemporary knowledge-based economies, particularly in the context of increasingly complex corporate financing instruments. Insufficient financial literacy may lead to suboptimal debt decisions, inefficient capital structures, and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015633099

Debt Overhang and Growth : Firm-Level Heterogeneity in an Emerging Market

Şengül, Aykut; Merter, Abdullah Kürşat - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015672797

Local opioid exposure and corporate debt structure

Gozgor, Giray; Ho, Thang; Li, Jing - 2026 - This version: July 14, 2026

This paper examines how local opioid exposure affects firms' debt structure. Motivated by evidence that the opioid crisis weakens labor supply, impairs human capital, and increases operating uncertainty, we argue that firms exposed to greater local opioid distress rely more heavily on bank debt...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015675115

Corporate debt composition, access to credit, and monetary policy

Gulan, Adam; Silvo, Aino - 2026

In both the U.S. and the euro area, the share of market finance in aggregate corporate credit has grown over time. To study the implications of the corporate debt structure for the transmission of monetary policy, we develop a New Keynesian DSGE model in which firms differ in productivity and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655223

The global law of debt

Ellias, Jared; Lalafaryan, Narine - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016081804

Why Do Firms Pay Different Interest Rates on Their Bank Loans?

Amiti, Mary; Kashyap, Anil K.; Kovner, Anna; Weinstein, … - 2026

We document significant variation in interest rates among similar commercial and industrial loans using confidential supervisory data on the largest US banks. This dispersion does not appear to be due to risk. We rationalize the data using a search cost model and find that search costs are...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611174

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Why do firms pay different interest rates on their bank loans?

Amiti, Mary; Kashyap, Anil K.; Kovner, Anna; Weinstein, … - 2026

Book / Working Paper

Sovereign vs. corporate debt and default : more similar than you think

Gopinath, Gita; Meyer, Josefin; Reinhart, Carmen M.; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015574363

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Sovereign vs. corporate debt and default : more similar than you think

Gopinath, Gita; Meyer, Josefin; Reinhart, Carmen M.; … - 2025 - This draft: March 2025

Edition: This draft: March 2025

Book / Working Paper

Sovereign vs. corporate debt and default : more similar than you think

Gopinath, Gita; Meyer, Josefin; Reinhart, Carmen M.; … - 2025 - This draft: April 2025

Edition: This draft: April 2025

Book / Working Paper

Sovereign vs. corporate debt and default : more similar than you think

Gopinath, Gita; Meyer, Josefin; Reinhart, Carmen M.; … - 2025

Book / Working Paper

Sovereign vs. corporate debt and default : more similar than you think

Gopinath, Gita; Meyer, Josefin; Reinhart, Carmen M.; … - 2024 - This draft: March 2024

Edition: This draft: March 2024

Book / Working Paper

Determinants of non-performing loans : an empirical analysis across major sectors

Reigl, Nicolas - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015330337

Debt overhang and short-termism under incomplete markets

Jiang, Jiaxi; Li, Yichen; Luo, Pengfei - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640865

Does the Anti-Monopoly Law reshape corporate debt concentration? : a quasi-natural experiment from China

Yao, Wenyun; Dai, Xiaosha; Tang, Minmin; Zhao, Yi - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640947

Finance for a greener future : evolving the financial sector for ESG and sustainable corporate debt management

Subhani, Bilal Haider; Shen, Zunhuan; Khan, Muhammad Asif - 2025

This study investigates the impact of Environmental, Social, and Governance (ESG) investments on corporate debt financing (CDF) in the BRICS (Brazil, Russia, India, China, and South Africa) economies throughout 2010 to 2022. A central aspect of this research is the moderating role of financial...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337379

Your gender identity is who you are : female chief executive officers and corporate debt structure

Huang, Yuxuan; Zhu, Qi; Yan, Cheng; Zeng, Yeqin - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337887

Motivated institutional investors and corporate debt choices : do minority shareholders matter?

Kałdoński, Michał; Jewartowski, Tomasz - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015647414

Capital market liberalization and corporate debt maturity structure : evidence from the Shanghai-Shenzhen-Hong Kong Stock connect

Huang, Jun; Zhang, Tianshu - 2025

Purpose - This paper takes the Shanghai-Shenzhen-Hong Kong Stock Connect as a quasi-natural experiment and investigates the impact of capital market liberalization on the corporate debt maturity structure. It also aims to provide some policy implications for corporate debt financing and further...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015198318

Sophisticated Borrowing Constraints and Macroeconomic Dynamics

Ebsim, Al-Mahdi; Lian, Chen; Ma, Yueran; Ottonello, Pablo; … - 2026

In traditional macro-finance models, firms' debt contracts impose hard borrowing constraints, which require indiscriminate reductions of borrowing and investment when adverse shocks tighten these limits, giving rise to financial acceleration. We study the macroeconomic implications of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653977

Corporate debt value under transition scenario uncertainty

Le Guenedal, Théo; Tankov, Peter - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015358993

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Corporate Debt Value under Transition Scenario Uncertainty

Le Guenedal, Théo; Tankov, Peter - 2022

Book / Working Paper

Do Indian companies' debt structures reflect debt specialisation?

Unni, Nivya; Kumari, S. Santhosh - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015677362

Does hypocrisy trigger a higher cost of debt? : evidence from China

Du, Xingqiang; Yu, Rui; Zeng, Quan; Zhang, Yiqi; Zhang, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064276

Going Green : effect of green bond issuance on corporate debt financing costs

Ruan, Qingsong; Li, Chengyu; Lv, Dayong; Wei, Xiaokun - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015359790

Corporate debt maturity and business cycle fluctuations

Ferrante, Francesco; Prestipino, Andrea; Schott, Immo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015419359

Firm financing during sudden stops : can governments substitute markets?

Acosta-Henao, Miguel; Fernández, Andrés; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610965

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Firm Financing During Sudden Stops : Can Governments Substitute Markets?

Acosta-Henao, Miguel; Fernández, Andrés; … - 2024

Book / Working Paper

Debt and income across US firms in a model with trade credit

Mateos-Planas, Xavier; Seccia, Giulio; Yavuzoglu, Berk - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015466804

Climate risk and the sovereign balance sheet : integrating exposure, contingent liabilities, and debt strategy

Sahut, Jean-Michel - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085491

Resolving insolvency : labour-market consequences of personal debt restructuring

Hassink, Wolter H. J.; Muller, Lotte; Dijk, Frans van; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015471278

Asset price booms, debt overhang and debt disorganization

Kobayashi, Keiichirō - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015408907

Going long, going short, issue or liquidate? : corporate debt maturity of Mexican public firms

Farfán-Pérez, Lianet; Moreno, Jorge O.; Adamuz, … - 2025

Purpose This paper studies the determinants of the debt maturity of Mexican-listed companies by analysing the effects on the extensive (issuing or liquidating debt) and the intensive (debt maturity renegotiation) margins. Design/methodology/approach This study, using a Tobit model for panel data...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015410410

From purchases to exit : central bank interventions in corporate debt markets

2025

Central banks increasingly act as market-makers-of-last-resort, yet the impact and exit of such interventions remain poorly understood. Using euro-area data, we analyze the cycle of market freeze, intervention, and exit in short-term debt markets. A run on money market funds (MMFs) triggered a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015430396

Climate change uncertainty and corporate debt relationship : a quantile panel data analysis

Jawadi, Fredj; Rozin, Philippe; Cheffou, Abdoulkarim Idi - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015564774

Energy transition and corporate debt : evidence from Chinese listed companies

Li, Xie; Su, Zhou - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614744

Shared auditors in private lending

Platikanova, Petya; Soonawalla, Kazbi - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015597162

From domestic power to international subordination : the uses and impact of corporate bond issuance in emerging capitalist economies

Karaçimen, Elif; Rabinovich, Joel - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015550632

Green versus Conventional Corporate Debt : From Issuances to Emissions

Cortina, Juan J.; Raddatz, Claudio; Schmukler, Sergio L.; … - 2025

This paper investigates how firms use green versus conventional debt and the associated firm- and aggregate-level environmental consequences. Employing a dataset of 127,711 global bond and syndicated loan issuances by non-financial firms across 85 countries during 2012-23, the paper documents a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015556847

Debt covenant and financial intermediation : how debt characteristics shape earnings management in Vietnam

Nguyen Cong Phuong; Pham, Nguyen Dinh Tuan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015633925

From purchases to exit : central bank interventions in corporate debt markets

Breckenfelder, Johannes; Schepens, Glenn - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015415763

Debt restructuring with multiple bank relationships

Baglioni, Angelo; Colombo, Luca; Rossi, Paola - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015558704

ESG disagreement and corporate debt maturity : evidence from China

Jiang, Kangqi; Zhang, Jie; Zhou, Mengling; Chen, Zhongfei - 2025

This study explores the relationship between corporate environmental, social, and governance (ESG) disagreements and corporate debt maturity. By examining panel samples from Chinese non-financial listed companies covering 2007 to 2020, we find that ESG disagreements negatively influence...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015560420

Assessing the impact of economic policy uncertainty on corporate leverage structure : do foreign ownership act as buffer?

Adil, Muhammad; Hussain, Rana Yassir; Al-Rassas, Ahmed … - 2025

This study explores how economic policy uncertainty (EPU) impacts the leverage structure of firms and considers whether foreign ownership provides a hedge against the EPU. We applied the PCSE and FGLS regressions to panel data from 231 non-financial firms registered in Pakistan for the period...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016084881