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Essays on Corporate Finance.

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	Essays on Corporate Finance./
作者:	dos Santos Magro, Joao Antonio Antunes Calado.
面頁冊數:	1 online resource (259 pages)
附註:	Source: Dissertations Abstracts International, Volume: 85-11, Section: A.
Contained By:	Dissertations Abstracts International85-11A.
標題:	Law. -
電子資源:	click for full text (PQDT)
ISBN:	9798382446738

Essays on Corporate Finance.
dos Santos Magro, Joao Antonio Antunes Calado.

Essays on Corporate Finance. - 1 online resource (259 pages)

Source: Dissertations Abstracts International, Volume: 85-11, Section: A.

Thesis (Ph.D.)--Universidade NOVA de Lisboa (Portugal), 2020.

Includes bibliographical references

My dissertation is composed of three corporate finance studies, documenting the effects of firm policies with deep regulatory implications. In particular, I examine corporate actions taken in contexts of distress, such as defaults on syndicated bank loans, or taken in contexts of very asymmetrical information, such as private equity investment and corporate diversification.In syndicated loans, violations of financial covenants lead to the transfer of firm control rights from shareholders to creditors. I find that that firms increase disinvestment following covenant violations, both through asset sales and spin-off equity deals. Divesting firms can anticipate their exit from a default status, through one-off adjustments of their accounting variables. In diversified firms, multiple business centres exist in different divisions. We show that the addition of dedicated financial divisions to nonfinancial conglomerates is shown to have a positive impact in the efficiency of capital allocation within firms, by playing the role of redistributor and common provider of external financing. In private equity, managers and investors are bound by pre-set compensation contracts and governance rules, since the fund's inception. I study the relationship between compensation, investment strategies and performance in this particular setting, exploring distinct rules for bonus payments.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798382446738Subjects--Topical Terms:

671705
Law.
Index Terms--Genre/Form:

554714
Electronic books.

Essays on Corporate Finance.
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245 1 0 $a Essays on Corporate Finance.
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300 $a 1 online resource (259 pages)
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500 $a Source: Dissertations Abstracts International, Volume: 85-11, Section: A.
500 $a Advisor: Ferreira, Miguel;Custodio, Claudia.
502 $a Thesis (Ph.D.)--Universidade NOVA de Lisboa (Portugal), 2020.
504 $a Includes bibliographical references
520 $a My dissertation is composed of three corporate finance studies, documenting the effects of firm policies with deep regulatory implications. In particular, I examine corporate actions taken in contexts of distress, such as defaults on syndicated bank loans, or taken in contexts of very asymmetrical information, such as private equity investment and corporate diversification.In syndicated loans, violations of financial covenants lead to the transfer of firm control rights from shareholders to creditors. I find that that firms increase disinvestment following covenant violations, both through asset sales and spin-off equity deals. Divesting firms can anticipate their exit from a default status, through one-off adjustments of their accounting variables. In diversified firms, multiple business centres exist in different divisions. We show that the addition of dedicated financial divisions to nonfinancial conglomerates is shown to have a positive impact in the efficiency of capital allocation within firms, by playing the role of redistributor and common provider of external financing. In private equity, managers and investors are bound by pre-set compensation contracts and governance rules, since the fund's inception. I study the relationship between compensation, investment strategies and performance in this particular setting, exploring distinct rules for bonus payments.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Law. $3 671705
650 4 $a Finance. $3 559073
650 4 $a Probability. $3 667790
650 4 $a Empowerment. $3 1437620
650 4 $a Decision making. $3 528319
650 4 $a Directors. $3 1468787
650 4 $a Covenants. $3 1468007
650 4 $a Research & development--R&D. $3 1372607
655 7 $a Electronic books. $2 local $3 554714
690 $a 0272
690 $a 0770
690 $a 0508
690 $a 0398
710 2 $a Universidade NOVA de Lisboa (Portugal). $3 1466689
710 2 $a ProQuest Information and Learning Co. $3 1178819
773 0 $t Dissertations Abstracts International $g 85-11A.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30975391 $z click for full text (PQDT)