Drought risk and capital structure dynamics

T Nguyen, M Bai, G Hou, C Truong - Accounting & Finance, 2022 - Wiley Online Library
Using a fractional dependent estimator (DPF) approach and 130,511 US firm‐year
observations over the period 1970–2015, this paper examines the impact of drought risk on …

[PDF][PDF] Climate Change and Corporate Cash Holdings: Global Evidence

A Al Masum, S Javadi, M Mollagholamali, R Rao - 2020 - academia.edu
Using data from 41 different countries including the United States, we find that firms increase
their cash holdings when exposed to long-term adverse climate change. Our subsample …

[PDF][PDF] Disastrous weather events and analysts' earnings forecasts'

A Tran, C Truong, Q Zhao - 2020 - scholar.archive.org
We examine whether disastrous weather events affect the mood of sell-side analysts located
near such disasters. Specifically, we examine the impact of seventeen severe weather …

Four essays on capital structure dynamics: special reference to level of leverage, state ownership, corporate governance and climate risk

T Nguyen Huu - 2020 - researchcommons.waikato.ac.nz
My thesis consists of four essays that investigate the issues regarding speed of adjustment
of capital structure (SOA). Since any deviation in the observed leverage from the optimal …