G3 - Corporate Finance and Governance - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T08:43:27+00:00Market Timing of Long-Term Debt Issuance
https://www.bankofcanada.ca/2009/12/discussion-paper-2009-14/
The literature on market timing of long-term debt issuance yields mixed evidence that managers can successfully time their debt-maturity issuance. The early results that are indicative of debt-maturity timing are not robust to accounting for structural breaks or to other measures of debt maturity from firm-level data that account for call and put provisions in […]2009-12-01T11:46:50+00:00enMarket Timing of Long-Term Debt Issuance2009-12-01Financial marketsInternational topicsDiscussion Paper 2009-14https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp09-14.pdfMarket Timing of Long-Term Debt IssuanceJonathan WitmerDecember 2009GG3G30G38Cross-border Mergers and Hollowing-out
https://www.bankofcanada.ca/2009/10/working-paper-2009-30/
The purpose of our paper is to examine the profitability and social desirability of both domestic and foreign mergers in a location-quantity competition model, where we allow for the possibility of hollowing-out of the target firm. We refer to hollowing-out as the situation where the target firm is shut down following a merger with a domestic or foreign acquirer.2009-10-15T14:31:17+00:00enCross-border Mergers and Hollowing-out2009-10-15Economic modelsInternational topicsMarket structure and pricingWorking Paper 2009-30 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-30.pdfCross-border Mergers and Hollowing-outOana SecrieruMarianne VigneaultOctober 2009DD4D43GG3G34LL1L13L4L41Complex Ownership and Capital Structure
https://www.bankofcanada.ca/2009/04/working-paper-2009-12/
This paper investigates the impact of pyramid ownership structure and multiple controlling shareholders on firm leverage. Pyramids, having at least one controlling shareholder and a subsidiary, rely significantly more on debt financing than non-pyramid firms.2009-04-03T11:17:13+00:00enComplex Ownership and Capital Structure2009-04-03Financial marketsInternational topicsWorking Paper 2009-12https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-12.pdfComplex Ownership and Capital StructureTeodora PaligorovaZhaoxia XuApril 2009GG3G31G32Uninsurable Investment Risks and Capital Income Taxation
https://www.bankofcanada.ca/2009/01/working-paper-2009-3/
This paper studies the capital accumulation and welfare implications of reducing capital income taxation in a general equilibrium economy with uninsurable investment risks.2009-01-01T15:53:55+00:00enUninsurable Investment Risks and Capital Income Taxation2009-01-01Economic modelsWorking Paper 2009-3 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-3.pdfUninsurable Investment Risks and Capital Income Taxation Césaire MehYaz TerajimaJanuary 2009EE2E21E22E6E62GG3G32HH2H24H25The Impact of Market Timing on Canadian and U.S. Firms' Capital Structure
https://www.bankofcanada.ca/2009/01/working-paper-2009-1/
This paper studies the impact of market timing on Canadian firms' capital structure and makes a comparison with U.S. firms.2009-01-01T15:30:36+00:00enThe Impact of Market Timing on Canadian and U.S. Firms' Capital Structure2009-01-01Financial marketsInternational topicsWorking Paper 2009-1 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-1.pdfThe Impact of Market Timing on Canadian and U.S. Firms' Capital StructureZhaoxia XuJanuary 2009GG3G32