Essays about: "debt distress"

Showing result 16 - 20 of 22 essays containing the words debt distress.

  1. 16. Valuation of Contingent Convertible Bonds

    University essay from KTH/Matematisk statistik

    Author : Alexander Back; William Keith; [2016]
    Keywords : Contingent Convertible Bonds; Hybrid Capital; Capital Structure; Capital Adequacy Regulation; Basel III; Risk-NeutralValuation;

    Abstract : Contingent convertible bonds are hybrid capital instruments, contingent on some form of indicator of financial distress of the issuing bank. Following the financial crisis, these instruments are proposed as a solution to the moral hazard issue of banks too big to fail. READ MORE

  3. 17. Debt versus Equity : In a low interest rate environment

    University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

    Author : Johan Björkholm; Viktor Johansson; [2015]
    Keywords : Debt; Equity; Capital Structures; Interest rate; Negative interest rate; Debt to Equity ratio;

    Abstract : Background: The long term downward trend in interest rates has brought us into new territory with negative interest rates. This should effect firms’ financing, and the choice between debt and equity. READ MORE

  4. 18. How do firms source their debt? The choice between public and private debt

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

    Author : Martin Lundström; Raymond Hedberg; [2014]
    Keywords : Debt financing; Public debt; Bonds; Private debt; Bank loans;

    Abstract : This paper empirically investigates the determinants of firms' choice of public or private debt and finds strong evidence of the importance of transaction costs and financial intermediaries' superior ability to monitor and correctly deal with firms in financial distress. We extend the literature by refining previously applied methods to further acknowledge mixed debt structure as a third discrete choice, along with having only public or only private debt. READ MORE

  5. 19. Board Composition and Financial Distress : An Empirical evidence from Sweden and Denmark

    University essay from Umeå universitet/Företagsekonomi

    Author : Amira Akhmetova; Yulia Batomunkueva; [2014]
    Keywords : board composition; financial distress; board independence; board size; board ownership; CEO duality; COB ownership; employee representatives; Altman’s Z- score; market capitalization; Sweden; Denmark.;

    Abstract : Recent failure of such companies as Enron, Worldcom and Parmala showed that there are internal reasons contributing to company’s financial distress. Financial distress is a condition when a company fails to meet its debt obligations. READ MORE

  6. 20. Bank debt vs corporate bond choice and its effect on company value: Evidence from bank debt refinancing in the Nordic countries

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Ivo Ailis; Oskars Bauers; [2013]
    Keywords : corporate bonds; bank debt; debt choice; company value; event study;

    Abstract : Corporate bond market has rapidly grown in the recent years in the Nordic countries, a region where companies have historically relied on bank debt to finance corporate activities. Nevertheless, the effect of the corporate debt choice on company value has not been clearly understood. READ MORE