Firm-level political risk and debt choice
WebSep 1, 2024 · However, firm-level political risk is positively related to debt specialisation, suggesting that firms are more inclined to adopt fewer debt types when they face high … WebZhen-Xing Wu. We examine the effect of firm-level political risk on debt choices and find: (i) firms with higher political risk display a preference for private debt over public debt; (ii) the ...
Firm-level political risk and debt choice
Did you know?
WebJul 1, 2024 · Firm-level political risk and corporate leverage decisions 2024, International Review of Financial Analysis Show abstract The investment development path and human development: Is there a nexus? 2024, Research in Globalization Show abstract The nonlinear effect of foreign ownership on capital structure in Japan: A panel threshold … WebMapping the Impacts of Political Risk in Corporate Finance: A Firm-Level Diversification and Debt-Maturity Perspective A Dissertation Submitted to the Graduate Faculty of the University of New Orleans in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Financial Economics by Mohammad Sydul Karim
WebOct 12, 2024 · Firms pay 7 basis points (bps) more on loans originated when their lenders are undergoing an election relative to when their lenders are not undergoing an election. Lenders from less financially developed countries are more likely to pass political uncertainty costs to borrowers. WebWe examine the effect of firm-level political risk on debt markets. While prior research relies mainly on economy-wide proxies for political risk (such as the economic policy …
WebNov 1, 2024 · Abstract We examine the effect of firm-level political risk on debt choices and find: (i) firms with higher political risk display a preference for private debt over … WebAbstract We examine the effect of firm-level political risk on debt choices and find: (i) firms with higher political risk display a preference for private debt over public debt; (ii) the magnitude of this preference varies with the aggregate policy uncertainty; (iii) politically risky firms indeed receive less favorable terms in the bond market.
WebHassan et al. [2024] suggests that substantial part of political risk plays out at the firm-level. We use their measure of political risk to show that borrower-level political risk is reflected in pricing and liquidity of public debt, in the cost of private debt, and in credit default swap spreads and recovery rates. We also
WebSep 19, 2024 · Relationship and outside loans have similar interest rates during distress and even 2 years prior to distress. Relative to outside loans in distress, relationship loans in distress have lower maturity. The fraction of bank lending given by relationship banks reduces during borrower distress. hammarby aik free streamWeb23 hours ago · Republicans, led by Speaker McCarthy, above, are starting to draw up a plan to raise the debt ceiling until May 2024 in exchange for reducing spending to FY 2024 levels Rep. Garrett Graves, R-La ... burnt orange t shirtWebApr 11, 2024 · All sovereign debt restructurings risk undershooting (providing less debt relief than is needed to restore the country to long-term sustainability) or overshooting (extracting more debt relief from creditors than turns out to have actually been necessary).. Of these, undershooting will be the greater risk in sovereign debt workouts in the post … burnt orange t shirt for menWebMay 1, 2024 · We examine the effect of firm-level political risk on debt choices and find: (i) firms with higher political risk display a preference for private debt over public debt; (ii) the magnitude of this ... hammarbybacken webcamWebOct 1, 2000 · Defining "Political Risk". The exercise of political power causes political risks in international business, and this power can affect a firm's value. Learn the … hamman westcliffWebAug 26, 2024 · Firms exposed to political risk retrench hiring and investment and actively lobby and donate to politicians. These results continue to hold after controlling for news … burnt orange ties for weddingWebAug 1, 2024 · As indicated by Table 5, the negative and significant coefficient of EPU in the Volume equation suggests that an appetite for debt financing does not lead to higher issuance volume. ... Raising... hammarby bandy hemsida