1. 成本 ...债券持有人要支付利息的个人所得税 (一)财务困境的成本(cost of financial distress) 由于企业负债,造成企业破产的可 … wenku.baidu.com|基于3个网页 2. 财备困境成本 ... ) causes of financial distress 财务困境成因 )cost of financial distress财备困境成本) financial distress 财务困境 ....
[translate] aThe Cost of Financial Distress and the Timing of Default 财政困厄的费用和缺省时间[translate]
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook CoFD (redirected fromCost of Financial Distress) AcronymDefinition CoFDCommittee of the Dee(UK) CoFDContracting Officer's Final Decision CoFDCost of Financial Distress ...
aThe trade-off theory states that an optimal capital structure exists where the value of tax deductibility of interest payments is offset by the cost of financial distress. 交易理论阐明,一种优选的资本结构存在利息支付的税可推断性的价值由财政困厄的地方费用抵销。[translate]...
77经营管理长期以来,传统风险管理理论将企业风险管理动机建立在期望效用模型基础上。假设公司和个人具有相同的风险偏好,即公司和个人一样属风险厌恶类型,代表企业的股东就是风险规避型的。股东最关心的是持有企业股票的价值,企业存在的各类风险会降低股票价值,因此,根据期望效用原则,如果企业能够代表股东对风险进行管理,则...
Journal of Financial Economics 105:62-81.The Cost of Financial Distress and the Timing of Default - Elkamhi, Ericsson, et al. - 2011Elkamhi, Redouane, Jan Ericsson, and Christopher A. Parsons, 2011, The costs of financial distress and the timing of default, Journal of Financial Economics,...
Financial distress is more likely to happen in bad times. The present value of distress costs therefore depends on risk premia. We estimate this value using risk-adjusted default probabilities derived from corporate bond spreads. For a BBB-rated firm, our benchmark calculations show that the NPV...
Ignoring financial distress costs, the value of the company increases with increasing levels of debt. The value of the levered firm (VL) is greater than that of the unlevered one (VU) by the amount equal to the tax rate multiplied by the level of debt (tD)....
Distress cost refers to the costs that a firm in financial distress faces beyond the cost of doing business, such as a higher cost of capital.
1) cost of financial distress 财备困境成本 2) financial distress costs 财务困境成本 1. Study on the Determinants of Financial Distress Costs from Corporate Characteristic Perspective; 基于公司特征的财务困境成本影响因素研究 2. Nowadays most people focus on thefinancial distress costs. ...