Inflation Heads Up, But Antidote Spurned
- Does Government Ownership Affect the Cost of Debt? Evidence from Privatization. Borisova, Ginka; Megginson, William L. // Review of Financial Studies;Aug2011, Vol. 24 Issue 8, p2693
We explore whether government ownership affects the cost of debt using a sample of fully and partially privatized companies. On average across firms, a one-percentage-point decrease in government ownership is associated with an increase in the credit spread, used as a proxy for the cost of debt,...
- Comments and Discussion. Smith, Warren // Brookings Papers on Economic Activity;1971, Issue 2, p280
This section presents comments and discussion on an article by Barry Bosworth about the patterns of corporate external financing. Warren stated that in essence Bosworth has devised a model of corporate debt management. It takes as given the deficit to be financed by the corporate nonfinancial...
- Interest Rates, Inflation, and Corporate Financial Policy. Gordon, Roger H. // Brookings Papers on Economic Activity;1982, Issue 2, p461
The article focuses on interest rates, inflation, and corporate financial policy. Recent high levels of interest rates have had many effects on the economy. One particularly dramatic phenomenon associated with these high interest rates is an extraordinarily high bankruptcy rate. A related...
- Debt Acquisition Financing Coming Back? Roberts, Ricado // Mergers & Acquisitions Report;07/10/2000, Vol. 13 Issue 28, p1
Deals with the growing popularity of debt financing on mergers and acquisition in the United States. Downturns in the equity market; Comments from Philip Walker, senior director in the financial institutions group at Fitch IBCA Inc.
- BORROWING FOR GROWTH. Heun, Christopher // Folio: The Magazine for Magazine Management;Feb2006, Vol. 35 Issue 2, p37
This article discusses the significance of debt-based financing to the magazine industry. Debt-based financing has been in demand because of low interest rates and willing lenders holding an abundance of debt capital. Among the forms of debt, senior facilities are the most attractive form of...
- Turkey: Boom In Private Borrowing. // Emerging Markets Monitor;2/26/2007, Vol. 12 Issue 44, p1
The article reports on the importance of private borrowing to the economy of Turkey. Based on the estimates of the Turkish Treasury in 2001, total government debt came in at 100.8 percent of gross national product, a level which was observed by economists to be unsustainable. In this regard, the...
- Lucent Debt Syndication a Tough Sell. // American Banker;2/20/2001, Vol. 166 Issue 34, p26
Reports on the difficulty that banks marketing a syndicated loan package for Lucent Technologies Inc. have had attracting buyers. Size of the deal; How much J.P. Morgan Chase and Citicorp North America Inc. had committed; The cut in Lucent's debt ratings on February 12, 2001.
- Strategic Behavior in Out-of-Court Debt Restructurings. Wielenberg, Stefan // Schmalenbach Business Review (SBR);Jul2001, Vol. 53 Issue 3, p244
Presents information on strategic behavior in out-of-court debt restructuring in Germany. Purpose of out-of-court negotiations; Components of asymmetric information model; Information on out-of-court debt negotiations in a setting of asymmetric information.
- Cashing in. Sidkin, Steve // Commercial Motor;6/29/2006, Vol. 203 Issue 5184, p40
The article focuses on the principles and risks of debt factoring or block discounting. The business sells a series of book debts to the factoring company at a discount under a factoring agreement. It is important for a company wanting to enter into a factoring or block discounting agreement to...