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Thursday, May 7, 2020 | History

4 edition of Contractual savings, capital markets and firms" financing choices found in the catalog.

Contractual savings, capital markets and firms" financing choices

Gregorio Impavido

Contractual savings, capital markets and firms" financing choices

by Gregorio Impavido

  • 153 Want to read
  • 30 Currently reading

Published by World Bank, Financial Sector Development Dept. in Washington, DC .
Written in English

    Subjects:
  • Pension trusts.,
  • Insurance stocks.,
  • Stock exchanges.

  • Edition Notes

    StatementGregorio Impavido, Alberto R. Musalem and Thierry Tressel.
    SeriesPolicy research working paper ;, 2612, Policy research working papers (Online) ;, 2612.
    ContributionsMusalem, Alberto R., 1940-, Tressel, Thierry., World Bank. Financial Sector Development Dept.
    Classifications
    LC ClassificationsHG3881.5.W57
    The Physical Object
    FormatElectronic resource
    ID Numbers
    Open LibraryOL3550607M
    LC Control Number2001615222

    needed to keep the business operating and expanding. Publicly traded firms have access to capital markets, giving them a wider array of choices. 1. Owner’s Equity Most businesses, including the most successful companies of our time, such as Microsoft and Wal-Mart, started off as small businesses with one or a few individuals. This supports the premise of Levy's () model of capital structure choice in which managers prefer debt financing when their compensation is relatively low, that is, following low returns in the equity market or low corporate profits. Moreover, macroeconomic conditions account for 12% to 51% of the time-series variation in these firms Cited by:

    financing as the main factor in determining the capital structure, with retained earnings as first choice and equity funding as a last resort. Nowadays, the most important factor that affects the decision to issue debt instead of equity is the financial flexibility of firms (Graham and . Venture capital is an important source of funding for start-up and other companies that have a limited operating history and don’t have access to capital markets. A venture capital firm (VC) typically looks for new and small businesses with a perceived long-term growth potential that File Size: KB.

    Options. Agreements that give the right (but not the obligation) to buy or sell an underlying asset at a specified price at a specified time in the future are known as options Agreements that give the right (but not the obligation) to buy or sell an underlying asset at a specified price at a specified time in the O’s can purchase an option to buy the wheat it needs for. CAPITAL STRUCTURE - THE FINANCING DETAILS In chapter 7, we looked at the wide range of choices available to firms to raise capital. In chapter 8, developed the tools needed to estimate the optimal debt ratio for a firm. In this chapter, we discuss how firms can use this information to .


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Contractual savings, capital markets and firms" financing choices by Gregorio Impavido Download PDF EPUB FB2

Contractual Savings, Capital Markets and Firms’ Financing Choices Gregorio Impavido, Alberto R. Musalem and Thierry Tressel* March The World Bank Financial Sector Development Department Financial Sector Vice PresidencyCited by: In the empirical section, the authors show that the development and asset allocation of contractual savings have an independent impact on firms'financing choices.

Different channels are identified. They illustrate the mechanisms through which contractual savings development may affect corporate financing patterns.

In the empirical section, the authors show capital markets and firms financing choices book the development and asset allocation Contractual savings contractual savings have an independent impact on firms' financing choices.

Get this from a library. Contractual savings, capital markets and firms' financing choices. [Gregorio Impavido; Alberto R Musalem; Thierry Tressel; World Bank. Financial Sector Development Department.] -- (June ) Contractual savings institutions, such as pension funds and life insurance companies, have a comparative advantage in supplying long-term finance to firms.

Additional Physical Format: Online version: Impavido, Gregorio. Contractual savings, capital markets and firms' financing choices. Washington, DC: World Bank. Downloadable. The authors analyze the relationship between the development and asset allocation of contractual savings and firms'capital structures.

The authors develop a simple model of firms'leverage and debt maturity decisions. They illustrate the mechanisms through which contractual savings development may affect corporate financing patterns. "Contractual savings, capital markets, and firms'financing choices," Policy Research Working Paper SeriesThe World Bank.

Impavido, Gregorio & Musalem, Alberto R., " Contractual savings, stock, and asset markets," Policy Research Working Paper SeriesThe World Bank. Contractual savings, capital markets, and firms' financing choices (English) The authors analyze the relationship between the development and asset allocation.

Contractual Savings, Capital Markets, and Firms' Financing Choices Impavido, Gregorio; Musalem, Alberto R.; Tressel, Thierry () The authors analyze the relationship between the development and asset allocation of contractual savings and firms' capital structures.

The book has been divided into eleven chapters which covers a wide range of topics from Introduction to finance, Time Value of Money, Capital Budgeting, Financing Decisions – (Cost of Capital. Financial Markets: Capital vs.

Money Markets The Money Market The money market is a good place for individuals, banks, other companies, and. Start studying Chapter 2. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Distinguish between money markets and capital markets.

Topic: Chapter Structure of Financial Markets 4) Why is it so important for an economy to have fully developed financial markets. contractual savings institutions, and.

linking contractual savings institutions to securities markets that have not yet been investigated. The underlying motivation is to understand whether the development of contractual savings leads to the development of securities markets, and which factors magnify or dampen this Size: 94KB.

Capital Structure Choice of Financial Firms: Evidence from Nepalese Commercial Banks Abstract: Commercial banks played a major role in start of financial crisis of / Though an understanding of capital structure of banks is required, much research has not been conducted on the topic.

Most studies are focused towards understanding the. help savings and loan institutions invest funds in a wide range of higher yielding instruments B. authorize savings and loan institutions to issue a new money market account C.

take over and liquidate the assets of failed savings and loan institutions D. all of the above. Capital Structure: The Choices and the Trade off “Neither a borrower nor a lender be” Someone who obviously hated this part of corporate finance This is just a qualitative analysis.

It will not give you a specific optimal debt ratio but provides insight into why the firm may be. Capital Structure: The Choices and the Trade off" The Choices in Financing" • When a firm decides to go public, it has to trade off the greater access to capital markets against the increased disclosure requirements (that emanate from being publicly lists), loss of control and the transactions costs of going public.".

Jones, D. () ‘Emerging Problems with the Basel Capital Accord: Regulatory Capital Arbitrage and Related Issues’, Journal of Banking and Finance, 24(1–2), 35– CrossRef Google Scholar Kaminsky, G.

and Reinhart, C. () ‘The Twin Crises: The Causes of Banking and Balance-of-payments Problems’, American Economic Review Author: Ramona Meyricke.

Investment Banking and the Capital Acquisition Process, especially H. DeAngelo, M. Jensen, D. Mayers, R. Masulis, W. Schwert, R. St& and J. Warner for their comments.

This research was supported by the Managerial Economics Research Center, Graduate School of Management, University of Size: 1MB.

Capital Structure and Corporate Financing Decisions provides an in-depth examination of critical capital structure topics, including discussions of basic capital structure components, key theories and practices, and practical application in an increasingly complex corporate world.

Throughout, the book emphasizes how a sound capital structure 4/4(1). By Andrew McIntyre. Law, New York (NovemPM EST) -- Much of the on-the-job reading for capital markets lawyers comes in the form of offering and debt documents, but various Author: Andrew Mcintyre.Firms often make decisions that involve spending money in the present and expecting to earn profits in the future.

Examples include when a firm buys a machine that will last 10 years, or builds a new plant that will last for 30 years, or starts a research and development project.

Firms can raise the financial capital they need to pay for such projects in four main ways: (1) from early-stage.Learn 10 actions to help overcome legal and contractual issues, and remediate legacy transactions associated with the IBOR transition.

T he London Interbank Offered Rate (LIBOR) has been used extensively as a reference rate in a range of financial products and instruments for more than 40 years – exposure to LIBOR is estimated to be more than $: EY Global.