Choi, Jaewon, Dirk Hackbarth, and Josef Zechner, "Corporate debt maturity profiles," Journal of Financial Economics, 2018.Choi, Jaewon, Dirk Hackbarth, and Josef Zechner [2015]. "Corporate Debt Maturity Profiles". SSRN.Choi, J.; D. Hackbarth; and J. Zechner. "Corporate Debt Maturity ...
Over the past year the volume of US corporate debt falling due through 2024 has grown by 2% despite the efforts of companies to refinance and term out their maturity profiles, S&P said. The US$5.2trn figure includes bonds, loans and revolving credit facilities from financial and non-financial...
We study to what extent firms spread out their debt maturity dates across time, which we call granularity of corporate debt. We consider the role of debt granularity using a simple model in which a firm's inability to roll over expiring debt causes inefficiencies, such as costly asset sales ...
redemption - repayment of the principal amount of a debt or security at or before maturity (as when a corporation repurchases its own stock) zero coupon bond, zero-coupon bond - a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of ...
Second, the term of a bond also changes its liquidity profiles, which affect the liquidity premium. We call this the comprehensive effect of a bond’s term. At the pricing time t, the time to maturity is 𝑇−𝑡T−t, and the expected number of liquidity shocks is (𝑇−𝑡)...
However, research that examines the link between CSR and firm performance from the perspective of debt is scant. Given the distinct features of Rule 144A debt offerings, it is important to understand how investors make use of issuing firms’ CSR profiles to extract information and incorporate ...
tend to pay higher interest rates because they carry more risk than government bonds. Corporations may be more likely to default than the U.S. government, hence the higher risk. Companies that have low-risk profiles will have bonds with lower rates than companies with higher-risk profiles. ...
Other markets may also allow for longer tenors, providing a better fit for the desired debt maturity profile.” Switzerland’s corporate tax regime is another hindrance. “Special and unfavorably designed taxes on bonds make bond financing less attractive compared to other solutions, such as private...
PROFILES OF DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT REPORT OF THE BOARD OF DIRECTORS REPORT OF THE BOARD OF SUPERVISORS AUDITORS' REPORT FINANCIAL STATEMENTS CONSOLIDATED INCOME STATEMENT CONSOLIDATED BALANCE SHEET BALANCE SHEET OF THE BANK CONSOLIDATED STATEMENT OF CHANGES IN EQUITY CONSOLIDATED CASH ...
27Interim Report 2023 Leading Holdings Group Limited Management Discussion and Analysis The following table sets forth the maturity profiles of bank and other borrowings as at the dates indicated: As at 30 June 2023 (RMB'000) As at 31 December 2022 (RMB'000) Bank and other borrowings: ...