Search results for "DEBT"
showing 10 items of 295 documents
Unit 6- 6.3 Adjusted Present Value
2020
El document forma part dels materials docents programats mitjançant l'ajut del Servei de Política Lingüística de la Universitat de València. Adjusted Present Value (APV).Part 3 out of 5.
Unit 6- 6.1 Investment-Financing Relationship
2020
El document forma part dels materials docents programats mitjançant l'ajut del Servei de Política Lingüística de la Universitat de València. Investment-Financing relationship. Part 1 out of 5
Unit 6- 6.4 Final Abstract
2020
El document forma part dels materials docents programats mitjançant l'ajut del Servei de Política Lingüística de la Universitat de València. Firm Value -Final Abstract. Part 5 out of 5.
Unit 6- 6.4 The Effects of Leverage on Firm Value
2020
El document forma part dels materials docents programats mitjançant l'ajut del Servei de Política Lingüística de la Universitat de València. The Effects of Leverage on Firm Value
The Impact of CSR/ESG on the Cost of Capital: A Case Study of US Companies
2021
The paper identifies the direction and strength of the relationship between individual ESG elements (and ESG as a whole) and the weighted average cost of capital, the cost of equity, and debt. The research was based on US market company data from the Thomson Reuters Eikon database. Some modifications have been applied to the survey methodology compared to that previously used in the literature, making it possible to present comprehensive and more congruent results. Identifying the direction and strength of the relationship between individual elements of ESG and ESG as a whole and the cost of capital (weighted average,equity, and debt). Design/Methodology/Approach: This paper incorporates an…
La Suprema Corte limita il privilegio processuale in favore del credito fondiario
2019
Lo scritto esamina una recente pronuncia della Corte di Cassazione, che ha ristretto la possibilità per i creditori fondiari di partecipare alla distribuzione del ricavato della espropriazione individuale proseguita ai sensi dell’art. 41, 2° comma, TUB (D.Lgs. 1° settembre 1993, n. 385). L’A., dopo avere ripercorso la disciplina positiva che regola i rapporti tra credito fondiario e fallimento, espone alcune considerazioni critiche sulla decisione. A recent judgment of the Supreme Court narrows the rights of banks, as mortgagee creditors, to seize the assets of the debtor notwithstanding bankruptcy proceedings, according to paragraph 41, subsection 2, of the Italian Consolidated Law on Bank…
Growing Like Germany: Local Public Debt, Local Banks, Low Private Investment
2021
The paper uses a panel of more than 1m German firms over 2010-2016, to provide the first firm-bank level evidence of local crowding out for a developed economy characterized by low interest rates and fiscal austerity. Our mechanism relies on two structural features of Germany's banking landscape: the local segmentation of credit markets for small and medium-sized firms (SME) and the role of local public banks in local public finance. Local public banks dominate lending to small and medium firms in Germany and also have an explicit mandate to lend to the local public sector. With spreads on local government debt at all-time lows, local public banks tried to break even, using their market pow…
Auditing Public Debt Using Risk Management
2023
The Audit Office of the Republic of Cyprus conducted the first-ever audit of the country’s public debt, seeking answers to two key questions. Is government debt sustainable, and is debt financing efficient and effective in securing the lowest cost with acceptable risks? The audit’s findings were discussed by the parliament and can have significant ramifications for public finance. However, public debt management is quite complex, and the International Organization of Supreme Audit Institutions suggests that sufficient technical knowledge is essential in undertaking an audit, including an understanding of the uncertain macroeconomy, financing conditions, and government fiscal stance. We use…
Public debt sustainability and the impact of the COVID-19 pandemic: the case of Latvia
2021
The Covid-19 pandemic has had a significant impact on economic growth. Many countries are trying to stimulate their economies and help their citizens through fiscal policy, which have led to a significant increase in government debt. A significant increase in Latvia's general government debt is also being forecasted. Excessive debt threatens the sustainability of public finances and has a negative impact on the country's economic growth. The aim of this study is to assess the sustainability of general government debt in Latvia, taking into account the impact of the Covid-19 pandemic. The results of the study show that the increase in Latvia's general government debt as a result of the Covid…