De Socio, Antonio and Nigro, Valentina, Does Corporate Taxation Affect Cross-Country Firm Leverage? (November 29, 2012). Bank of Italy Temi di Discussione (Working Paper) No. 889. Available at SSRN: http://ssrn.com/abstract=2206357
Abstract:… more »
Are corporate bonds one of the asset bubbles. The Economist has a distinctive view:The Economist: Desperately seeking yieldInvestors are gorging on corporate bonds. Is an asset bubble being inflated? Nov. 10, 2012Keywords: Corporate Finance, Co… more »
Great new study by HBS, which shows that executive background matters for goodwill impairment choices. One could conclude that firms need a diverse group of executives and board members in order to have an appropriate checks and balances system.
Broch… more »
I came across a distressed LBO case in the machine sector. The company was originally leveraged with 5 times EBITDA. Due to the market crisis it now faces a major decrease of profitability. Furthermore, it has to push innovation investing in order to be… more »
Valuing toxic assets seems to be more an art than a science. It might also depend on who you do it for..
NYT: Risks Are Vast in Revaluation of Assets, Feb. 1, 2009
"The wild variations on the value of many bad bank assets can be seen by looking at… more »
Paulson’s Gift, Pietro Veronesi, University of Chicago, NBER & CEPR and Luigi Zingales,
University of Chicago, NBER & CEPR, November 5, 2008
Paper Abstract:
"We calculate the costs and benefits of the largest ever U.S. Government interve… more »
Bloomberg: FASB Postpones Off-Balance-Sheet Rule for a Year, July 30, 2008
"The Financial Accounting Standards Board postponed a measure, opposed by Citigroup Inc. and the securities industry, forcing banks to bring off-balance-sheet assets such as mo… more »
The role of information asymmetry and financial reporting quality in debt contracting: Evidence from the secondary loan market, Regina Wittenberg Moerman, Graduate School of Business, University of Chicago, March 2006
"I employ unique data on second… more »
Authors Stephan Glanz, René Krügel and Andreas Wyss wrote an article in the NZZ of Feb. 17, 2007, about the tendencies to introduce adapted IFRS accounting standards with small and medium sized companies. They see this development in the context that IFR… more »