Asset liquidity, capital structure, and secured debt

Article Abstract:

This paper shows that asset liquidity increases debt capacity only when disposition of assets is restricted. It also shows the extent to which pledging assets can increase firm value.

Author: Morellec, Erwan
Publisher: Elsevier B.V.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2001
Statistical Data Included, Research, Secured transactions, Capital stock, Liquidity (Finance), Credit market, Credit markets, Structured notes (Securities)

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The dynamics of mergers and acquisitions

Article Abstract:

The effect of the stock market valuations of the business enterprises on their takeovers and mergers is analyzed with the help of a model. The model also indicates the returns to shareholders on such mergers.

Author: Morellec, Erwan, Zhdanov, Alexei
Publisher: Elsevier B.V.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2005
United Kingdom, Acquisitions & mergers, Forecasts, trends, outlooks, Financial management, Securities issued, listed, Capital funds & cash flow, Mergers, acquisitions and divestments, Stocks, Forecasts and trends, Company acquisition/merger, Market trend/market analysis, Securities, Valuation, Investor relations, Company securities, Stock markets, Stock market

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Capital structure, credit risk, and macroeconomic conditions

Article Abstract:

The extent to which macroeconomic conditions affect firm's credit risk and size of capital structure changes is analyzed.

Author: Morellec, Erwan, Miao, Jianjun, Hackbarth, Dirk
Publisher: Elsevier B.V.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
Economic aspects, Credit ratings, Macroeconomics, Financial risk, Capital structure

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Subjects list: United States, Analysis, Switzerland, Business enterprises
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