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.
Results
Showing 1 to 11 of 11 for “"Equity-holders"”.
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Regulation of off-balance sheet exposures and pricing of over-the-counter derivatives
… sheet by large banks. I analyze the effect on equity holders of such regulation. While requiring banks to hold capital against their on balance sheet exposures largely doses not perturb equity holder valuation capital held against off balance sheet exposures decreases the equity claim by …
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Essays in financial economics
… markets. In Chapter 1 I analyze the effect on equity holders of regulation focused on exposures held off-balance sheet. While requiring banks to hold capital against their on-balance sheet exposures largely doses not perturb equity holder valuation, capital held against off-balance sheet …
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Bank Decision on Capital and Risk Under Capital Regulation
… We assume that regulatory costs are imposed on equity holders if the bank fails to meet minimum capital requirements at the end of period. Incorporating regulatory cost constraints into a contingent claim model of bank equity, equity holder payoffs are derived from an option pricing framework. …
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The corporate culture in a Japanese bank : study of the changing organizational world
… accounting rules is changing the behavior of equity holders. The long and deep recession following the collapse of the Japanese "bubble" economy continues to sap the economic energy of many Japanese companies, and most leaders of those companies still struggle to find new ways to exit from …
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Three Essays on Product Market Capital Market Interactions
… direction. The manager of a firm caters to the equity holders of the firm who are protected by limited liability. Ex-ante debt is issued and at the time of product market decision, debt is exogenous. The traditional product market capital market interaction literature has argued that debt …
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Three essays on debt pricing
… back bonds on the cheap transfers value from bondholders to equity holders and incentivizes the equity holders to choose a much lower assets value to declare default. The lowered default boundary furthermore reduces debt overhang and increases return to equity. The virtuous cycle does not stop …
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Relative valuations of merchant and tolling LNG models considering alternate capital structures
… scenarios will be valued using a high debt, low equity capital structure and a medium debt, medium equity capital structure. Once we have determined the relative valuations of each scenario, sensitivity analysis and Monte Carlo methods will be applied to the outcomes in order to determine the …
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Three Essays on Dynamic Corporate Finance in Continuous Time
… dynamics and product market competition. Equity holders are unable to commit to a future debt level and determine the firms' financing, production, entry and exit decisions. Non-commitment makes debt financing more expensive as debt holders foresee a ratchet up in future debt, raising the …
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The Relationship Between ESG Scores and Cost of Debt – Evidence from the S&P 500
… found, and that ESG scores are more important to equity holders than to holders of debt. From the academic point of view, the results add to the existing body of knowledge and provide academics and researchers with an additional standpoint on the relationship between ESG and cost of debt.
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Essays in corporate finance and investments
… studies the effect of financial constraints on equity holders' risk-shifting incentives within a real options framework. Within this framework, shareholders trade off the benefit of risk-shifting with the cost of financial constraints. Therefore risk-shifting is avoided ex post for highly …