With the drastic changes in the availability and cost of insurance, which is the primary mechanism for transferring liability risk, managers are increasingly requiring explicit analyses of these risks in order to improve their understanding of the firm's options and to support the managers' decisions...
Directors’ and officers’ liability insurance and the cost of equity J. Account. Econ. (2016) H. Chen et al. Internal controls, risk management, and cash holdings J. Corp. Finan. (2020) H.H. Chung et al. Managerial legal liability coverage and earnings conservatism J. Account. Econ. ...
lower information costs, and reduce inefficiencies, all of which will improve FP (Jensen1986; Jensen and Meckling1976). Financing decisions affect the cost of capital, allowing businesses to optimise their financial performance (Majluf and Myers1984; Abdullah and Tursoy2019). Empirical research demonst...
In particular, if limited liability is to protect opportunism, the cost of credit is higher for all corporate borrowers because lenders are unable ex ante to discriminate between those who are trustworthy and those who are not. Likewise, tort victims bear too heavy a cost if limited liability ...
Salon Insurance Surgery Insurance Working from Home Insurance Fleet Insurance Pubs and Restaurants Insurance Find out more Contact us Business Insurance guides Retrieve an insurance quote Public Liability Insurance Help protect your business from legal fees and compensation costs if a customer, client or ...
We provide brokers with cost-effective and flexible ways to streamline, reconcile and enhance their management of business payments. Commercial finance brokers North America For clients in North America with strong links to the UK, our client-oriented approach provides support to secure growth and ...
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower ...
𝐶𝑜𝑠𝑡𝑖𝑡Costit is the borrowing cost of the enterprise, it is expressed by the enterprise’s current year’s interest expense/(enterprise long-term loan + short-term loan). The larger the value, the higher the borrowing cost for the company. 𝐹𝑖𝑛𝑖𝑡Finit is the ...
Some studies show that the scale of corporate assets and profits, organizational structure, asset liability maturity structure, financial leverage, discretionary cash flow, and other factors significantly affect the cost of corporate debt [1,29,30]. Based on the research of scholars on financing cos...
Investment value will fluctuate, and preferred securities, when sold before maturity, may be worth more or less than original cost. Preferred securities are subject to various other risks including changes in interest rates and credit quality, default risks, market valuations, liquidity, prepayments, ...