G3 - Corporate Finance and Governance - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:20:38+00:00Persistent Leverage in Portfolio Sorts: An Artifact of Measurement Error?
https://www.bankofcanada.ca/2014/12/working-paper-2014-55/
Studies such as Lemmon, Roberts and Zender (2008) demonstrate how stable firms’ capital structures are over time, and raise the question of whether new theories of capital structure are needed to explain these phenomena.2014-12-12T11:06:38+00:00enPersistent Leverage in Portfolio Sorts: An Artifact of Measurement Error?2014-12-12Econometric and statistical methodsFinancial marketsWorking Paper 2014-55https://www.bankofcanada.ca/wp-content/uploads/2014/12/wp2014-55.pdfPersistent Leverage in Portfolio Sorts: An Artifact of Measurement Error?Michael MuellerDecember 2014CC1C18GG3G32The Use of Financial Derivatives by Canadian Firms
https://www.bankofcanada.ca/wp-content/uploads/2014/11/boc-review-autumn14-paligorova.pdf
In Canada, about one-third of publicly listed non-financial firms use financial derivatives. The use of derivatives is widespread across all sectors of the economy and increases during periods of greater uncertainty. Non-financial firms that use derivatives are typically larger and more profitable and have lower volatility of earnings than those that do not use derivatives. Overall, the firm characteristics of Canadian hedgers seem to be consistent with those found in other jurisdictions.2014-11-13T08:35:57+00:00enThe Use of Financial Derivatives by Canadian Firms2014-11-13Removal of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk Assessment
https://www.bankofcanada.ca/2014/07/discussion-paper-2014-4/
A default in the Automated Clearing Settlement System (ACSS) occurs when a Direct Clearer is unable to settle its final obligation.2014-07-23T11:34:02+00:00enRemoval of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk Assessment2014-07-23Financial stabilityPayment clearing and settlement systemsDiscussion Paper 2014-4https://www.bankofcanada.ca/wp-content/uploads/2014/07/dp2014-4.pdfRemoval of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk AssessmentNicholas LabelleVarya TaylorJuly 2014CC1C15GG0G01G2G3Corporate Governance, Product Market Competition and Debt Financing
https://www.bankofcanada.ca/2014/02/working-paper-2014-5/
This paper examines the impact of product market competition and corporate governance on the cost of debt financing and the use of bond covenants. We find that more anti-takeover provisions are associated with a lower cost of debt only in competitive industries.2014-02-06T07:29:02+00:00enCorporate Governance, Product Market Competition and Debt Financing2014-02-06Financial marketsWorking Paper 2014-5https://www.bankofcanada.ca/wp-content/uploads/2014/02/wp2014-5.pdfCorporate Governance, Product Market Competition and Debt FinancingTeodora PaligorovaJun YangFebruary 2014GG1G12G3G34