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 20 of 32 for “"cost of debt"”.
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Three Essays on The Cost of Debt Capital
<p>This dissertation consists of three chapters that examine how product market competition affects the cost of public bond debt and how credit rating adjustments influence the cost of debt and leverage of industry rivals. </p> <p>Chapter 1 explores how competitive threats affect the yield spread …
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Enterprise Risk Management, Earnings Predictability and the Cost of Debt
… fundamental paradigm for managing the portfolio of risks confronting organizations. However, there is debate as to whether ERM actually enhances stakeholder value. This study investigates whether ERM is associated with increased earnings predictability and a lower risk of firm failure, two …
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CEO-to-worker Pay Disparity and the Cost of Debt
… the credit and the equity market. However, none of the studies examine the relationship between CEO-to-worker pay disparity and credit investment risk. The purpose of this study is to investigate the association between CEO-to-worker pay disparity on credit investors' risk assessments. Large …
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The Relationship Between ESG Scores and Cost of Debt – Evidence from the S&P 500
The purpose of this study was to determine the relationship between environmental, social, and governance (ESG) disclosure scores and a firm's cost of debt. Previous studies relating to ESG and cost of debt produced mixed results, with most finding that a relationship exists. Most of the research …
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Quantitative Market Risk Disclosure, Bond Default Risk and the Cost of Debt: Why Value at Risk
The empirical analyses on both new and seasoned debt issues show that the reduction in bond default risk and cost of debt is observed more frequently with the value at risk format than with sensitivity analysis. Firm size might be a confounding factor, however, because larger firms choose to …
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Essays in Capital Structure
<p>The costs and constraints to financing, and the factors that influence them, play critical roles in the determination of corporate capital structures.</p> <p>Chapter 1 estimates firm-specific marginal cost of debt functions for a large panel of companies between 1980 and 2007. The marginal cost …
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Empirical analyses on international investments
… investments well enough to reap the benefits of international diversification. Hence, it empirically examines and provides new insights into three different aspects related to suboptimal international investments: determinants of suboptimal foreign allocation, the impact of such suboptimal …
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Essays on corporate bank loan contracting
<p>This dissertation is comprised of two essays on corporate bank loan contracting. The purpose of the first essay is to investigate the effect of loan's designated purpose on loan agreement contracting terms, as well as to examine whether lenders apply different standards to assess the value of …
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Three Essays on Financial Institutions and Real Estate
This dissertation examines several aspects of U.S. financial institutions’ real estate-related activity. The first two essays examine the impact of Federal Home Loan Bank (FHLB) membership and funding on bank and thrift holding company (BHC and THC) risk and returns. The first essay uses risk …
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Essays on Human Capital and Financial Markets
This dissertation examines various aspects of human capital and their linkage to the financial markets. The first chapter empirically shows that the cost of debt is systematically higher for firms that operate in mobile labor markets. We posit two channels through which labor mobility could …
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An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study
The aim of this paper is to investigate Shoprite’s decision to issue convertible bonds despite South African firms tending to favour traditional forms of debt or equity. The paper first revisits the theory on convertible debt to consider the possible reasons for why Shoprite elected to issue …
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Two Essays on Capital Structure Decisions of the Firm: An Empirical Analysis of the Impact of Managerial Entrenchment and Ethical Corporate Citizenship
This dissertation consists of two essays on the impact of managerial entrenchment and ethical corporate citizenship on capital structure decisions of the firm. The first essay examines the impact of managerial entrenchment on financial flexibility and capital structure decisions of firms. Agency …
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Insider Share-Pledging and Firm Investors
… influential insiders extract private benefits of control at the expense of outside shareholders through pledging. Difference-in-differences regressions utilizing an exogenous shock to lending supply indicate pledging corresponds with a 9.9% relative increase in stock volatility – controlling …
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Evolution of Corporate Leverage on the JSE from 1994 to 2016
… attempt has been made to examine the evolution of corporate leverage of companies listed on the Johannesburg Stock Exchange (JSE) from 1994 to 2016. Analysis of the data set is organized around a sample of 126 listed companies across twelve sub-sector industries, namely, Banks, Financial …
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Human Capital Specificity and Corporate Capital Structure
… from the U.S. Census Bureau, I use the opening of new plants as an exogenous reduction in human capital specificity-- the inability to transfer specific skill sets across employers--for incumbent workers in a local labor market. My results indicate that the opening of a new manufacturing plant …
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A review of the housing market in Beirut between 2005 and 2019
… housing market in Beirut between the beginning of 2005 to the end of 2018, focusing in particular on the slowdown in the early to late 2010s. It will be shown that this slowdown is partly attributable to a mismatch in the supply that private developers have introduced to the market and the …
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Economic growth and financial development: a legal explanation
… thesis presents a multi-national empirical study of the relationship between financial development and economic growth from the legal protection perspective based on both micro firm-level data and macro country-level data. Our study comprehensively examines the investor legal protection in terms …
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Change in Corporate debt levels in South Africa from 1994 to 2016
… aims to investigate the change in corporate debt levels in South Africa from 1994 to 2016, included is an analysis of factors that firms take into consideration when determining the company’s capital structure. This study uses data from firms in the Real Estate and REIT, Travel and Leisure …
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Change in Corporate Debt Levels in South Africa from 1994 to 2016
This paper investigated the change in corporate debt levels in South Africa from 1994 to 2016. Included is an analysis of factors that companies take into consideration when determining the company's capital structure. This study used data from companies, largely from the mining sector, within …
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