Author: S. Abraham RavidPublisher:
ISBN:
Category : Corporate debt
Languages : en
Pages : 78
Book Description
Debt Maturity, a Survey
Author: S. Abraham RavidPublisher:
ISBN:
Category : Corporate debt
Languages : en
Pages : 78
Book Description
Debt Maturity and the Use of Short-Term Debt
Author: Sophia ChenPublisher: International Monetary Fund
ISBN: 1484397630
Category : Business & Economics
Languages : en
Pages : 77
Book Description
The maturity structure of debt can have financial and real consequences. Short-term debt exposes borrowers to rollover risk (where the terms of financing are renegotiated to the detriment of the borrower) and is associated with financial crises. Moreover, debt maturity can have an impact on the ability of firms to undertake long-term productive investments and, as a result, affect economic activity. The aim of this paper is to examine the evolution and determinants of debt maturity and to characterize differences across countries.
Sovereign Debt Restructurings 1950-2010
Author: Mr.Udaibir S. DasPublisher: International Monetary Fund
ISBN: 1475505531
Category : Business & Economics
Languages : en
Pages : 128
Book Description
This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.
Advances In Quantitative Analysis Of Finance And Accounting (Vol. 4)
Author: Cheng Few LeePublisher: World Scientific
ISBN: 9814477052
Category : Business & Economics
Languages : en
Pages : 376
Book Description
News Professor Cheng-Few Lee ranks #1 based on his publications in the 26 core finance journals, and #163 based on publications in the 7 leading finance journals (Source: Most Prolific Authors in the Finance Literature: 1959-2008 by Jean L Heck and Philip L Cooley (Saint Joseph's University and Trinity University). Advances in Quantitative Analysis of Finance and Accounting is an annual publication to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and the accounting profession.The papers in this volume cover a wide range of topics including earnings management, management compensation, option theory and application, debt management and interest rate theory, and portfolio diversification.
World Economic and Financial Surveys
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451942117
Category : Business & Economics
Languages : en
Pages : 152
Book Description
This paper analyzes the origins of the recent turbulence in government bond markets in the major industrial countries, and considers whether the role of hedge funds in that episode argues for altering present regulatory arrangements. In financial markets, it is possible for such a revision of expectations—if it is shared by all market participants—to alter asset prices almost immediately; indeed, the change in asset prices can occur without any transactions even taking place. In this case, however, trading volumes soared along with the rise in bond yields, as a broad spectrum of market participants sought to undo large positions that had been built up under the projections of a continued rise of European and US bond prices and a strengthening of the dollar against the yen and some European currencies. Although the increase in bond yields was undeniably large for such a short time period, the markets did receive new information in February and March on economic performance—especially on growth rates—and on the likely future course of macroeconomic policies.
Handbook of Entrepreneurship Research
Author: Zoltán J. ÁcsPublisher: Springer Science & Business Media
ISBN: 9781402073588
Category : Business & Economics
Languages : en
Pages : 582
Book Description
Introduction to entrepreneurship - The entrepreneurial process - Opportunity and the nature of exploitation - The emergence of new ventures - Financing the new venture - The social context - Entrepreneurship, economic growth and policy.
Corporate Bonds and Commercial Paper
Author: Brian CoylePublisher: Global Professional Publishi
ISBN: 9780852974568
Category : Business & Economics
Languages : en
Pages : 178
Book Description
From the "Risk Management" series, this is a guide through the terminology and purpose of corporate bonds. The text describes the various markets in which securities can be issued. It also evaluates the factors influencing investment decisions that any investor may need to assess and, from the corporate perspective, how to reach a decision ......
Project Flexibility, Agency, and Competition
Author: Michael J. BrennanPublisher: Oxford University Press, USA
ISBN: 9780195112696
Category : Business & Economics
Languages : en
Pages : 357
Book Description
While most approaches to capital budgeting have used discounted cash flow valuation techniques, recent attention has been given to the valuation of "real options" to look at capital budgeting decisions and project management. Real options are a measure of the value of managerial flexibility and strategic value in capital investment. Because this topic is important but not yet covered adequately, "Innovation, Infrastructure and Strategic Options" fills a major gap in the market. This text deals with issues of R & D and technology options, investments involving learning, infrastructure, competition, strategy, and growth options.
Institutional Investors In Global Capital Markets
Author: Narjess BoubakriPublisher: Emerald Group Publishing
ISBN: 1780522436
Category : Business & Economics
Languages : en
Pages : 402
Book Description
Examines various issues concerning the strategies of institutional investors, the role of institutional investors in corporate governance, their impact on local and international capital markets, as well as the emergence of sovereign and other asset management funds and their interactions with micro and macro economic and market environments.
Markets for Corporate Debt Securities
Author: T. Todd SmithPublisher: International Monetary Fund
ISBN: 1451848870
Category : Business & Economics
Languages : en
Pages : 88
Book Description
This paper surveys markets for corporate debt securities in the major industrial countries and the international markets. The discussion includes a comparison of the sizes of the markets for various products, as well as the key operational, institutional, and legal features of primary and secondary markets. Although there are some signs that debt markets may be emphasized in the future by some countries, it remains true that North American debt markets are the most active and liquid in the world. The international debt markets are, however, growing in importance. The paper also investigates some of the reasons for the underdevelopment of domestic bond markets and the consequences of firms shifting their debt financing needs from banks to securities markets.