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Firm-level political risk and debt choice

WebOct 12, 2024 · Firms pay 7 basis points (bps) more on loans originated when their lenders are undergoing an election relative to when their lenders are not undergoing an election. Lenders from less financially developed countries are more likely to pass political uncertainty costs to borrowers. WebFeb 1, 2024 · Firm-specific political risk represents the sensitivity of a firm's operation to government policy uncertainty. In this study, we explore how individual firms' political …

Firm-level Political Risk and Credit Markets - London …

WebOct 1, 2000 · Defining "Political Risk". The exercise of political power causes political risks in international business, and this power can affect a firm's value. Learn the … WebNov 27, 2024 · Our difference-in-differences approach shows that exogenous increases in information asymmetry lead firms to substitute away from equity and public debt toward … gretchen corbett oregon https://pdafmv.com

Multinationality and capital structure dynamics: A corporate …

WebMar 31, 2024 · Our measures of risk use simple tools from computational linguistics to quantify the share of the earnings call devoted to discussing risk in general, risks … Webvan Lent and Tahoun (2024) stresses the importance of considering firm-level political risk. • Empirically, they propose a quantified firm-level political risk measure and show that … WebJun 1, 2024 · In this study, we use Republican CEOs to signal conservative managers and link CEO political ideology and conservatism to credit ratings through lower financial risk. 3 Anecdotal evidence suggests that, due to the prospective impact of management corporate policies on the firm's future financial profile, credit rating agencies assess … fictional life

Firm-level political risk and debt choice - ScienceDirect

Category:External Governance and Debt Structure - researchgate.net

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Firm-level political risk and debt choice

Firm-level political risk and debt choice — Macquarie …

WebApr 9, 2024 · Fox News 243K views, 2.4K likes, 246 loves, 1.6K comments, 605 shares, Facebook Watch Videos from Zent Ferry: Fox News Sunday 4/9/23 FULL BREAKING FOX NEWS TRUMP April 9, 2024 WebAug 1, 2024 · Models of political risk predict that increases in political uncertainty cause stock prices to fall, especially for politically sensitive firms. We use the event of the Bo Xilai political scandal in 2012 in China as an exogenous shock to identify the impact of political uncertainty on asset prices.

Firm-level political risk and debt choice

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WebMay 1, 2024 · We examine the effect of firm-level political risk on debt choices and find: (i) firms with higher political risk display a preference for private debt over public debt; (ii) the magnitude of this ... WebSep 19, 2024 · Relationship and outside loans have similar interest rates during distress and even 2 years prior to distress. Relative to outside loans in distress, relationship loans in distress have lower maturity. The fraction of bank lending given by relationship banks reduces during borrower distress.

WebJul 1, 2024 · Firm-level political risk and corporate leverage decisions 2024, International Review of Financial Analysis Show abstract The investment development path and human development: Is there a nexus? 2024, Research in Globalization Show abstract The nonlinear effect of foreign ownership on capital structure in Japan: A panel threshold … WebMapping the Impacts of Political Risk in Corporate Finance: A Firm-Level Diversification and Debt-Maturity Perspective A Dissertation Submitted to the Graduate Faculty of the University of New Orleans in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Financial Economics by Mohammad Sydul Karim

WebApr 15, 2015 · This paper tests how collateral value affects a firm’s choice between bank debt and public debt by considering the exogenous variation in the market value of a … WebZhen-Xing Wu. We examine the effect of firm-level political risk on debt choices and find: (i) firms with higher political risk display a preference for private debt over public debt; (ii) the ...

WebFeb 16, 2024 · We focus on political risk, a setting that is well-suited to analyzing a firm’s portfolio of activities, and an area in which, to our knowledge, the model and insights we develop are new as a way of explaining firm choices. It is very common for multinational firms to cite political exposure as a rationale for geographic diversification.

WebAug 1, 2014 · We examine the effect of firm-level political risk on debt choices and find: (i) firms with higher political risk display a preference for private debt over public debt; (ii) the magnitude of this ... gretchen corbin lotteryWebApr 11, 2024 · All sovereign debt restructurings risk undershooting (providing less debt relief than is needed to restore the country to long-term sustainability) or overshooting (extracting more debt relief from creditors than turns out to have actually been necessary).. Of these, undershooting will be the greater risk in sovereign debt workouts in the post … gretchen corbin ga lotteryWebOct 1, 2024 · We uncover that firm-level political risk has a negative impact on a firm's total and long-term leverage. We also find that firms facing high political risk tend to prefer debts with short-term maturity. ... Asset redeployability and the choice between bank debt and public debt. Journal of Corporate Finance, Volume 64, 2024, Article 101678 ... fictional literary worksfictional literary charactersWebNov 1, 2024 · Abstract We examine the effect of firm-level political risk on debt choices and find: (i) firms with higher political risk display a preference for private debt over … fictional lion charactersWebThis paper investigates whether and how economic policy uncertainty affects corporate debt maturity. Using a cross-country firm-level dataset for France, Germany, Spain, and Italy from 1996 to 2010, we find that an increase in economic policy uncertainty is significantly associated with a shortened debt maturity. fictional lion namesWeb23 hours ago · Republicans, led by Speaker McCarthy, above, are starting to draw up a plan to raise the debt ceiling until May 2024 in exchange for reducing spending to FY 2024 levels Rep. Garrett Graves, R-La ... gretchen corcoran