Essays about: "Debt maturity structure and liquidity risk"

Found 2 essays containing the words Debt maturity structure and liquidity risk.

1. 1. Shareholder Advantage and Short-Term Leverage

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Nikola Pajkic; Pratik Kulkarni; [2023]
   Keywords : Bargaining; Default; Debt maturity structure; Rollover risk;

   Abstract : We find a correlational relationship between proxies of shareholder bargaining power and liquidation costs (indicating the value extraction ability of shareholders from debtholders in reorganization in default) and short-term leverage. Theoretical literature suggests to us that firms with higher shareholder advantage will reduce their short-term leverage to a greater extent than those with lower shareholder advantage (due to shareholders disliking commitment to rollover risk) in a systemic shock to bond market liquidity, i. READ MORE

3. 2. Debt Maturity Structure. An empirical study on the firm specific and macroeconomic determinants of listed Swedish companies' debt maturity structure.

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Andra Cristina Caragea; Marie Rasmussen; [2011]
   Keywords : Debt maturity structure; determinants; liquidity risk;

   Abstract : The purpose of this thesis is to find the firm specific and macroeconomic determinants that are relevant for listed Swedish companies' debt maturity structure. The hypotheses incorporated in our model are liquidity risk and signaling, agency costs, equity market conditions, tax minimization and gap filling. READ MORE