Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 16 of 16 for “"Borrowing costs"”.
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Technical uncertainties in and practical implications of the capitalisation of borrowing costs in South Africa
… subject to this convergence project, is IAS 23 - Borrowing Costs. Taken at face value, the convergence of IAS 23 (IFRS) and SFAS 34 (US GAAP), and looking at convergence in general, the idea is productive and beneficial. It will lead to more comparative information as it eliminates the …
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Urbanisation and Fiscal Risks in China
… on local government financing vehicles’ (LGFVs) borrowing costs and land finance. It finds that local governments with higher land leasing revenue could bring down the borrowing costs of local LGFVs, while a higher ratio of land revenue to fiscal revenue would raise LGFVs’ borrowing costs. A …
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Money and Migration: Firm Behavior and Labor Immigration Policy
… expansion of monetary policy results in lower borrowing costs, motivating profit-seeking firms to expand, invest, and increase their demand for labor, including immigrant workers. This, in turn, drives firms to lobby for labor immigration liberalization. Notably, multinational corporations …
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Banking in Transition Countries
Finally, I examine the interaction between borrowing costs and firms' decisions to secure loans. I demonstrate that decisions of firms in transition economies to secure loans are consistent with the decisions of firms in more advanced economies and that presence of collateral is associated with …
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Tax-Based Collateral Limitations, Borrowing Arrangements and Firm Value
… associated with reduced debt capacity and higher borrowing costs. Additionally, I show that collateral limitations are associated with a decrease in the use of capital covenants and an increase in the use of performance covenants in private debt agreements. While the U.S. House and Senate passed …
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Essays in debt sustainability and financial stability
… smoothing. They impact repayment incentives and borrowing costs. Whenever debt is enforceable through a fraction of assets that can be confiscated should the government default, equilibrium attachable asset holdings can be different than zero. I find that attachable asset holdings and …
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Determining capital adequacy for a community bank's agricultural loan portfolio
… from lower projected net incomes and increased borrowing costs following Federal Reserve action on the Fed Funds Rate, many banks worry about the increased likelihood of default for agricultural producers. The objective of this thesis is to determine the adequacy of Pinnacle Bank’s equity …
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Predicting SMEs’ credit risk using artificial intelligence applications: Evidence from the UK SMEs
… firms’ operating environments by increasing borrowing costs,<br/>suppressing demand and constraining access to finance.<br/>The small and medium-sized business bankruptcy prediction model created by Altman<br/>and Sabato (2007) is revisited in this thesis, which proposed two models by …
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Private Debt Syndicates: Governance, Networks, and Syndicate Structure
… governance mechanisms determine a firm's cost of borrowing in syndicated credit agreements. Firms with governance mitigating agency risk between stakeholders, i.e. independent boards, strong shareholder monitoring, and greater CEO pay-performance sensitivity, enjoy lower borrowing costs. The …
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The future of the multifamily industry post-GSE conservatorship
… the multifamily industry, causing increased borrowing costs, decreased property values, and increased property value volatility. The extent to which the multifamily industry is affected depends upon the outcome of the GSE conservatorship, although it appears that increased multifamily demand …
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Empowering community and philanthropic funders: The case for investment in non-market housing
… social housing waitlist, while private rental costs continue to escalate. The reasons for the housing crisis are complex, structural and deeply entrenched. Housing access and affordability also remain poor across other developed countries, with particularly severe challenges in Commonwealth …
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Essays on Sovereign Default
… emerging countries tilt their borrowing towards foreign currency when expected inflation rises - a time when it is riskier to borrow in foreign currency, as domestic local currency is likely to devalue. I construct a New Keynesian model with inflationary default risk, where …
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The effects of crisis on the interbank markets and sovereign risk: empirical investigations
… and the United States, unaffected by search costs and other actions. We show that stable relationships exist and that they play a significant role during the 2007-2008 financial crisis. Trading with preferred counterparts is associated with more favorable rates for both lenders and borrowers, …
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Essays in Monetary Economics and International Finance
… past year has important implications for firms' borrowing costs and investment decisions, for global financial stability and the U.S. dollar exchange rate, and for investors' pricing of the U.S. safety premium across asset classes. These three themes are, respectively, the subject of the three …
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Information transmission in energy futures markets
… profits after taking into account trading costs, borrowing costs, etc.
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The effect of corporate bonds spread variability on non-financial firms’ financing structure: further evidence from emerging markets
… business cycles are highly correlated with borrowing costs faced by firms in international financial markets (Uribe and Yue 2006). Nevertheless, the economic theory proposes that in an efficient market, similar forms of financing are formulated to reflect the law of a single price accustomed …