Debt Constraints
Mostrando 1-5 de 5 artigos, teses e dissertações.
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1. Non-Durable Consumption and Real-Estate Prices in Brazil: Panel-Data Analysis at the State Level
Resumo Este artigo investiga o efeito da variação dos preços dos imóveis sobre o consumo de bens não duráveis no Brasil. Para isso, construímos um painel estadual com informações sobre o consumo de bens não duráveis para o período 2008-2017, período que abrange o “boom” dos preços de imóveis e do consumo (2008-2014) e a queda dos mesmos (2
Rev. Bras. Econ.. Publicado em: 25/11/2019
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2. Financial Reporting Quality, Debt Maturity, and Chief Executive Officer Career Concerns on Investment Efficiency
Abstract The purpose of this research is to investigate the effect of financial reporting quality, debt maturity, and CEO career concerns on investment efficiency in Indonesia. This study used a sample of 680 observations from non-financial companies in Indonesia during the period from 2012 to 2015 using panel regression. The results show that financial repo
BAR, Braz. Adm. Rev.. Publicado em: 11/06/2018
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3. The world financial crisis and the international financing of Brazilian companies
The world financial crisis initiated in 2008 may have affected the international financing mix of firms in Brazil and their determinants, given its aftereffects. Financial crisis are recurrent events with varying degrees of severity. Many public Brazilian firms use international financing in their capital structure mix and it is relevant to understand their
BAR, Braz. Adm. Rev.. Publicado em: 25/09/2012
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4. Endogenous debt constraints in collateralized economies with default penalties
In infinite horizon financial markets economies, competitive equilibria fail to exist if one does not impose restrictions on agents' trades that rule out Ponzi schemes. When there is limited commitment and collateral repossession is the unique default punishment, Araujo, Páscoa and Torres-Martínez (2002) proved that Ponzi schemes are ruled out without impo
Escola de Pós-Graduação em Economia da FGV. Publicado em: 30/06/2011
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5. Competitive equilibria in infinite-horizon collateralized economies with default penalties
Araújo, Páscoa and Torres-Martinez (2002) have shown that, without imposing either debt constraints or transversality conditions, Ponzi schemes are ruled out in infinite horizon economies with default when collateral is the only mechanism that partially secures loans. Páscoa and Seghir (2008) subsequently show that Ponzi schemes may reappear if, additiona
Publicado em: 16/03/2010